User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Big Bazaar
Last updated: May 30 2018 20:03 IST RSS 2.0
 
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Amazon India rebrands groceries service 30.5.2018 General News
E-commerce giant Amazon is aggressively ramping up selection for grocery on its platform and focussing on speedier delivery as it looks to consolidate its position in the segment against rivals like BigBasket and Grofers. The competition in the segment is expected to intensify further as Amazon.in's arch-rival, Flipkart is also firming plans to enter the grocery segment. As part of its efforts, Amazon.in has re-branded its 'Amazon Now' service to 'Prime Now' and has invested in chill chain for products like fresh fruits, vegetables and dairy. Prime Now, an app-only service, is available to customers in Bengaluru, Mumbai, New Delhi and Hyderabad. "Prime Now has an expanded selection of over 10,000 products... This includes selection across categories like fruits and vegetables, grocery, staples, meats, and home and kitchen," Amazon.in said in a statement. Amazon.in said the orders are fulfilled by Amazon through the Now Store, supermarkets like Big Bazaar, Aditya Birla More, and local .
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Amazon may buy 10% in Future Retail for $600 mn, expand offline retail biz 22.5.2018 Top Stories
The move comes days after Walmart acquired a majority stake for $16 billion home-grown e-commerce firm Flipkart at a valuation of around $20 billion.
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Ather Energy launches charging infra in Bengaluru 21.5.2018 General News
Indian hardware start-up Ather Energy today announced launch of its charging infrastructure for electric vehicles (EVs), AtherGrid, which is open to all EVs. The company, known for its electric scooter S340, has begun installations of charging stations across the city of Bangalore, a statement said. As many as 30 charging points will be set up by the end of May 2018. * * * * * Faircent.com gets NBFC certification from RBI * Peer-to-peer (P2P) lending platform Faircent.com today said it has received NBFC certification from the Reserve Bank that will boost company's prospect to expand further. The accreditation makes Faircent.com the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator, the company said in a statement today. Faircent.com platform currently has more than 40,000 registered lenders and 3.5 lakh registered borrowers, and has facilitated over 6,000 loans cumulatively till date. * * * * * Wonderchef in ..
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Future Group to invest Rs 350 cr to open 140 exclusive FBB outlets 13.5.2018 General News
Kishore Biyani-led Future Group's value fashion format FBB plans to invest Rs 350 crore to open about 140 exclusive outlets as it aims to double turnover in the next two years. At present, FBB retails its products through 385 points of sales in Big Bazaar stores, including 62 exclusive outlets. "Over the last two years, FBB has undergone a significant transformation. We have worked on improving products assortments, in-store experience by reworking/renovating 100 points of sales where FBB is sold and also strengthened our supply chain. Now we will cement our positions to drive growth," FBB COO Rajesh Seth told PTI. He further said: "We plan to have 200 exclusive FBB outlets in the next two years...financial year 2020-21. We will invest about Rs 350 crore to open these stores. We aim to double our turnover in the next two years." FBB, however, does not disclose its financial numbers. Out of these planned about 140 new exclusive stores, 40 will be opened in the current fiscal year. FBB
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Future Retail rises on deal buzz 10.5.2018 Hindu: Medicine & Research
‘Biyani may sell stake; held talks with Amazon, Walmart’
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Retail firms slide ahead of the deal 9.5.2018 Hindu: Health
Shares of leading listed players in the retail space fell on Wednesday as investors turned jittery ahead of Walmart Inc’s announcement of acquisition
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Paytm Mall fetches $450 million additional funding from Softbank and Alibaba 3.4.2018 Sify Finance
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HDFC Bank ropes in Citi executive to head corporate banking 22.3.2018 General News
Retail-focused private sector lender HDFC Bank has roped in a Citibank veteran Rahul Shukla to head its corporate and business banking business. Shukla joins the second largest private sector lender after spending over 25 years with Citibank where he was heading the corporate banking vertical for South Asia. Shukla will report to Kaizad Bharucha, executive director, who heads the wholesale banking business, which contributes about 45 per cent to HDFC Bank's loan portfolio. ********************* NPCI ties up with Big Bazaar to offer discounts on RuPay cards * The National Payments Corporation of India (NPCI) has tied up with retailer Big Bazaar to offer up to 10 per cent discount on RuPay debit and credit card transactions. The offer, valid from March 23 to April 30, is applicable on all purchases made at Big Bazaar, Food Bazaar, eZone and fbb, for Rs 1,500 or above, with a maximum discount of Rs 250. RuPay is the first-of-its-kind domestic debit and credit card payment .
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Soon, retail stores to have designer Khadi corners 6.2.2018 General News
Soon, big retail stores will have dedicated space for selling designer Khadi products, as the government looks to aggressively market the indigenous fabric and popularise it among the masses, a move which is likely to help increase the income of artisans. Addressing a press conference here, Union MSME Minister Giriraj Singh said 800 villages will be converted to Khadi clusters for generating employment, adding that the government was working towards taking Khadi out from Khadi Bhawan and take it to malls and retail chains. "People generally perceive Khadi as not fashionable and something worn by the older generation. Therefore we spoke to 30 retail chains like Big Bazaar, Pantaloons, W, Globus, etc. (in Mumbai). "The outcome is that for the first time you will see exclusive Khadi corners with designer Khadi products in many of these retail chains which will add value. In the process this will also help the artisans," MSME Secretary Arun Kumar Panda said.
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Amul, Parle revered by Indians at par with global brands 31.1.2018 Sify Finance
With domestic brands like Amul, Parle, Big Bazaar and Dabur featuring in the top ten list of India's most popular brands, a Nikkei BP-Market Xcel Data Matrix survey revealed that domestic brands are liked and revered by Indian consumers at par with international brands like Samsung and Coca-Cola.
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Amul, Parle revered by Indians at par with global brands 31.1.2018 All News-IANS Stories
With domestic brands like Amul, Parle, Big Bazaar and Dabur featuring in the top ten list of India's most popular brands, a Nikkei BP-Market Xcel Data Matrix survey revealed that domestic brands are liked and revered by Indian consumers at par with international brands like Samsung and Coca-Cola.
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Quarterly results preview: Retailers may post an average of 15.4% growth 11.1.2018 Market News
Avenue Supermarts (D-Mart) is expected to have a seasonally strong quarter, with sequential revenue growth expectation of 21 per cent
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Future Group will be among top 10 fashion firms by FY19:Biyani 6.12.2017 Business Standard: Front Page Headlines
Retail conglomerate Future Group, which owns fashion chains like Big Bazaar, Brand Factory and Central, will be among the top 10 global fashion companies selling about 35 crore garments by FY2019, group CEO Kishore Biyani said today. The ...
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Why retailers are betting big on small towns 5.12.2017 Rediff: Business
The expansion into smaller towns is coming at a time when the online retail space has not only seen consolidation but is actually looking to collaborate with physical stores. Abhineet Kumar reports.
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Retailers go to small towns for big growth 2.12.2017 Business Standard: Today
Reliance Digital has established its presence in more than 100 cities and plans to expand further
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Brands take the Facebook bait 28.11.2017 Business Standard: News Now
The social media platform hones its business skills for the local market , wins brands and advertisers over
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Future Group aims to open 10,000 EasyDay stores by 2022 21.11.2017 News
At present, the group's businesses include Big Bazaar, Food Bazaar, lifestyle stores like Brand Factory, and Central
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357 cases booked against malls, restaurants 28.10.2017 Hindu: Home
The business establishments were fleecing consumers in name of GST
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Consumer electronics sales sparkle this Diwali 17.10.2017 DNA: Top News
Despite holding pre- and post goods and services tax (GST) stock clearance sales, manufacturers and retailers of consumer electronics are looking at a healthy double-digit growth this festive season. Consumer buying sentiments in the pre-Diwali season, industry players said have been encouraging and taking into account the consumer turnout in the last few days, the expected business growth is anywhere between 15% and 30%. Amit Gujral, chief marketing officer, LG India, said GST has not changed any consumer behaviour and has had no impact on festive sales as far as LG is concerned. "Festivities started with Onam down South and LG witnessed 30% growth in business followed by another 27% growth over last year due to festivals like Ganeshotsav, Navratri, Durga Pooja, Dussehra. We are certain the festivities ongoing shall have continued buying behaviour from consumers and we are hoping to garner double digits growth as compared to previous years," he said. Echoing the sentiments, Rishi Suri, director - ...
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A case of ambush marketing 9.10.2017 Business Standard: News Now
The fear is the offer will incentivise shoppers to move from offline to online
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