User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: All
Last updated: Dec 13 2018 19:36 IST RSS 2.0
 
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Optical retailer Vision Express launches 16th store in Delhi 13.12.2018 Sify Finance
[India], Dec 13 (ANI-BusinessWireIndia): Vision Express, India's leading optical retail chain has launched its 170th store located at Paschim Vihar in New Delhi.
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Walmart Labs India acqui-hires AI startup Int.ai 13.12.2018 The Assam Tribune
Walmart Labs India acqui-hires AI startup Int.ai
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Walmart Labs India acqui-hires AI startup Int.ai 13.12.2018 Sify Finance
Walmart Labs India, the local product development division of US retail giant Walmart, on Thursday announced it would hire key tech team from Artificial Intelligence (AI) and data analytics start-up Int.ai -- its second acqui-hiring in the country within three months.
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Flipkart rejigs leadership team 13.12.2018 Zee News : Business
The leadership changes announced span marketing, operations, engineering and product.
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Amazon and Future Retail in advance stage of deal talks 28.11.2018 Financial Chronicle
New Delhi Putting an end to the speculation on the Amazon- Future Retail deal, sources said the e-commerce giant is in advanced stage of talks to buy around 9.5 per cent stake in the Kishore Biyani-led group. A final shape to an agreement between Amazon and Future Retail is expected to take place within the next 10 days, sources said adding that in case of last minute hurdles, the deal could be announced as late as January 2019. Amazon declined to comment while messages sent to Future Group founder and Group CEO Kishore Biyani remained unanswered at the time of filing the story, said a report by the PTI. According to a media report, the Amazon-Future Group deal is initially estimated to be around Rs 2,000 crore executed under foreign portfolio investor (FPI). The agreement could also include Amazon buying out Biyani and promoter group’s entire holding in future subject to applicable regulations in India. As of September 2018, promoter and promoter group had 46.51 per cent share of Future Retail, which ...
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Amazon-Future deal for a 9.5% stake-sale likely in 10 days, says report 27.11.2018 Sify Finance
Amazon's Jeff Bezos and Future Group's Kishore Biyani are likely to settle a deal estimated at Rs 2000 crores within ten days.
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From the Andamans, the story of how Amazon is going all out to dominate India’s online retail market 25.11.2018 Scroll.in
For good reason: India is one of the world’s fastest growing online commerce markets, slated to expand to $150 billion by 2022.
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Third round of CPSE ETF aims to mop up Rs 8,000 crore 23.11.2018 Financial Chronicle
Mumbai The third round of CPSE ETF further fund offer with the aim to raise an initial amount of Rs 8,000 crore will open for anchor investors on November 27 and for all categories of public investors on next day, a Reliance Nippon Life Asset Mangement official said. “A green shoe option of Rs 4,000 to 6,000 crore will also be available for the investors,” the official added. The further fund offer 3 (FFO3) in the CPSE ETF (Central Public Sector Enterprises –Exchange Trade Fund) is a part of the government’s larger divestment programme announced by the department of investment and public asset management (Dipam), using the ETF route. “Reliance Mutual Fund proposes to raise up to Rs 8,000 crore in FFO3 as initial amount plus an additional amount if any based on instructions of the government,” the manager of the CPSE ETF said in a release. “An upfront discount of 4.5 per cent is being offered to all categories of investors, the dividend yield of the Nifty CPSE Index is approximately 5.25 per cent further ...
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Reliance MF announces Further Fund Offer 3 for CPSE ETF 20.11.2018 Zee News : Business
RMF plans to raise up to Rs 14,000 crore in FFO3, which includes a base amount of Rs 8,000 crore.
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What to expect in consumer internet sector 19.11.2018 Financial Chronicle
Guest Column: Satish Meena, Senior forecast analyst Forrester Research As we enter 2019 the big players are expected to outspend each other in increasing the market share by targeting the existing customers and acquiring new customers. Entering new product categories and geographies is also going to be the key theme for 2019. The recent exit of Binny Bansal as Flipkart Group CEO will change a lot of things in Flipkart and has lessons for the ecosystem. Forrester sees the following trends in the Indian consumer internet landscape in 2019. Flipkart will stop behaving as start-up After the exit of Binny Bansal, we expect Flipkart to change its mindset from a start-up to an independent subsidiary of a public listed company. This will change the growth at any cost with a focus on margins approach in coming years. While the focus will remain on maintaining the lead in mobile and fashion category, Flipkart will enhance the offerings in household items and grocery in 2019 to compete with Amazon and make use of ...
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Flipkart group CEO quits over #MeToo kind of charges 14.11.2018 Financial Chronicle
Chennai In an unusual conclusion of events, Binny Bansal (in pic), 37, one of the most high profile new generation young, tech-savvy billionaires of India, has resigned as group CEO following an independent probe into allegations of “serious personal misconduct,” Flipkart’s new owner Walmart Inc said on Tuesday. Binny Bansal, co-founder and group CEO of Flipkart, has denied the allegation, the American retail giant said. While the company didn’t provide details of the nature of misconduct or the findings of the probe for which it had engaged a global law firm, market sources said a female colleague of Bansal levelled the allegations in July. Walmart and Flipkart in a joint statement said the probe discovered some lapses in judgement, but did not disclose the name of complainant. According to sources, the complainant was associated with Flipkart a few years ago and is now running her own venture. “His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation ...
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PE/VC exits till Oct cross yearly highs 13.11.2018 Financial Chronicle
Chennai After record-high investments, Private Equity and Venture Capital funds are making record high exits, indicating the good health of the market. The funds have registered highest–ever exits within the 10-month period till October and the exit value is 1.9 times higher than the total exits of 2017. Exits till October aggregate $24 billion, compared to $9.9 billion during the same period last year. For the entire year 2017, the exits totalled $13 billion. This was also higher than previous year. At $24 billion, exits got closer to the total investments of $25.2 billion during the 10-month period. Softbank, Naspers, Tiger Global and a bunch of early investors selling their stake fully or partially to retail major Walmart for $16 billion was one of the largest exits that happened this year. Among the other major exits, Blackstone’s quit Intelenet Global for $1 billion in a stake sale to Teleperformance SA TPG exited Vishal Mega mart for $769 million, selling stake to Partner’s group and Kedaara Actis ...
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Why it's not going to be a smooth ride for private oil retailers 9.11.2018 Rediff: Business
As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre of petrol and diesel came as a dampner for private players.
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Amazon likely to buy 9.5% stake in Future Retail: Report 5.11.2018 Zee News : Business
The potential deal, which is in its final stages, could be Rs 2,500 crore.
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How will brands cut through the clutter to reach their audience? 4.11.2018 Rediff: Business
As advertising reaches a cacophonous pitch, as it does every year around this time, brands say they are finding newer and more effective ways to reach their audiences.
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Private players may now enter India's fuel retailing space 23.10.2018 Rediff: Business
At present, India has 56,999 fuel outlets. Of those, only 6,276 are owned by private companies
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How do those biscuits reach your neighborhood kirana store? 22.10.2018 Citizen Matters
Exploring the intricate distribution system in cities that ensures food, household and consumer products, from biscuits to colas reach the thousands of super markets and stores across the city.
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Nafed to boost onion supply in Delhi; Mother Dairy asked to cut price 19.10.2018 Zee News : Business
Currently, retail onion prices in the national capital are ruling in the range of Rs 30-40 per kg on tight supplies, as per the trade data.
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Reliance Industries shares slump 7% post Q2 results 19.10.2018 Zee News : Business
The stock opened lower and declined further by 6.59 per cent to Rs 1,073.15 on BSE.
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Flipkart, Amazon claim record online festive sales 19.10.2018 Sify Finance
India's leading e-tailer Flipkart and its American rival Amazon on Thursday claimed record online sales ahead of Dusshera and Diwali festivals.
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