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Indian retail may grow to Rs 85 lakh crore by 2021:...
11 Sep 2017 Published by Rahul Verma 85 Views

Ever promising retail industry in India will surge at 10 per cent, by 2021 steered by consumer data and technology disruptions, says a joint report by Ficci and Deloitte. The data says figure may almost double to Rs 85 trillion (lakh crore).According to the report, consumer data and technology disruptions will drive retail and FMCG sectors towards a new phase of growth where consumer experience will be the focal concern for all retailers and brands."Consumer retail forms an integral part of the..

Pepe Jeans to spearhead business in India, plans to open 20 own stores by FY18', announces JV with Dollar...
19 Aug 2017 Published by Rahul Verma 227 Views

In bid to strengthen its foothold in India, Denim and casual wear brand Pepe Jeans has decided to open around 50 own stores in India and 20 of which would be opened this fiscal."We have four own stores and will open 20 more in the current fiscal. The number will be gradually scaled up in the coming years. We already have permission for around 50 own single brand stores," Pepe Jeans India Managing Director Kavindra Mishra told .The company wants to take advantage of the liberalised policies that..

Tata Group joins the league of online grocery business by acquiring Gurgaon-based GrocerMax...
29 Jun 2017 Published by Rahul Verma 245 Views

The versatile conglomerate Tata group will soon enter to another business in demand, online grocery business, after buying out the management team and technology infrastructure of Gurgaon-based GrocerMax.The acquisition will boost the online platform for Trent Hypermarket, an JV between Tata and British retailer Tesco. This will drive Tata’s venture to get hold with the leading names Amazon and Bigbasket in ever-growing grocery business. GrocerMax will switch off its business in Gurgaon becaus..

Government shown way to Amazon's FDI in food retail...
16 Jun 2017 Published by Rahul Verma 272 Views

The announcement by Food Processing Minister Harsimrat Kaur Badal cleared Amazon's proposed USD 500 million investment in retail of food products in India."There was some delay due to abolition of FIPB. It (Amazon's proposal) will soon be cleared," Badal, as reported TOI.With the abolition of the Foreign Investment Promotion Board (FIPB), the Amazon's proposal will now be vetted by the Department of Industrial Policy and Promotion (DIPP) under the Commerce Ministry.Badal pointed out that more in..

'Redefined' Nokia smart phones finally launched in India...
13 Jun 2017 Published by Rahul Verma 308 Views

Yes you hear it right… the famous ringtone of Nokia is back with the power pack ultra range of ‘redefined’ range of smart phone namely, Nokia 6, Nokia 5 and Nokia 3 is launched in India.Well, struggling with the idea of widow-based phones, the brand is revamped by HMD Global and finally floated in India in three different configuration under the price tag of 14,999, 12,899 and 9,499 respectively. The company has tied up with Amazon for Nokia 6 and Nokia 5 for sale Nokia 3 can also be purch..

Vodafone, Idea announces merger and plans to roll out 5G in India...
21 Mar 2017 Published by Rahul Verma 329 Views

Vodafone Idea MergerIn effort to wither away the ongoing war in wirelesss telecoms, Vodafone and Idea Cellular has announced merge, excluding Vodafone’s 42% stake in Indus Towers Ltd, to create India’s largest telecom company with a total revenue of over Rs 80,000 crore. Vodafone will be a dominant partner in the merger with 45.1% stake after it will transfer a stake of 4.9% to the Aditya Birla group for Rs3,874 crore to complete the merger.  “The promoters of Idea have the..

Payment Banks is ‘doorstep banking’ loaded with futuristic amenities...
08 Mar 2017 Published by Rahul Verma 240 Views

The concept of ‘Payments Bank’ initiated by Reserve Bank of India (RBI) to cast away traditional banking is reality and reaching to customer through interactive and feasible mobile phones services. The Payment Banks can accept transfers through mobile phones and services like automatic payments, purchases will pave way for the step of ‘cashless transaction’. The step was taken to ease pressure on tradition banking structure and after demonatisation its role is becoming crucial...

R-Day sale to boost online offline market, biggest after Diwali ...
25 Jan 2017 Published by Rahul Verma 274 Views

(Pic: Flipkart - The Republic Day Sale)The biggest event in India’s economy – demonetization- created dip in market and sentiments of investors and buyers and looking Republic Day for breather after Diwali grand event to promote sales. E-commerce platforms are in full swing to make this ‘national day’ happening for buyers as well as for their sales point of view and offering upto 60 pc discount on range of products.The online big bashThe online market giants are offering heavy discounts..

Demonetising notes in India: Real Estate experts reactions...
23 Nov 2016 Published by Rahul Verma 592 Views

The recent call by government to ‘demonetize’ old 500, 1000 currency has surprised many in real estate and realtors also have their mixed-views on this decision. Here are the quotes from experts and stalwarts. ANSHUMAN MAGAZINE, Chairman, India and South East Asia,CBRE“It is a bold move. While it may cause some pain in the short-term, the long-term outlook for the industry looks positive. It certainly helps that the real estate industry has already moved towards transparency in its op..

Spencer’s forays into grocery e-commerce in NCR and Kolkata...
22 Nov 2016 Published by Rahul Verma 781 Views

Leading retailer Spencer's is ready to own its food and grocery ecommerce venture in the national capital region (NCR) and Kolkata. It also has talks with three leading marketplaces including Amazon to list as a seller reports ET. The country’s fourth largest food and grocery retailer with 37 hypermarkets and 12 supermarkets will soon scale up the ecommerce venture in the South in another six cities, said Shashwat Goenka who heads the retail business (Spencer’s Retail) of  RP Sanji..

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