It seems that the first round of battle against modern retailers and small traders seems to be won by the latter. And to bear the brunt is India’s largest company, Reliance Industries which is aspiring to become India’s largest retail company through its subsidiary Reliance Retail. After being forced to close down it stores in(…)
The diktat has worked yet again. Much after opposing entry of foreign retailers, the UP Government has now decided to shut down all organised retail outlets that operate outside malls. As a consequence all Reliance Fresh and Spencer retail stores are closed in the state with immediate effect. It is simply incomprehensible, and goes beyond(…)
If you are thinking that there is very little left in terms of appreciation in Reliance Industries especially the stupendous returns it has given post demerger and split with Anil Ambani, then there is some food for thought. Leading brokerage and equity research company, Morgan Stanley has projected the share price of RIL to rise(…)
The retail boom is sparing no one and big auto companies are redefining their retailing strategies to catch the attention of customers and deal with the intense competition and slowdown in the sector. Maruti and Toyota are exploring idea of opening showrooms in malls to catch the increasing footfalls. Reliance Retail and Big Bazaar are(…)
Aditya Birla’s retail store ‘More’ opened recently has drawn the flak of traditional Jain and Marwari over these stores selling meat items and putting commercial interests above religion. Birlas are considered to be vegetarian and religious but business does not work like this as the retailer has to bear in mind the demands of the(…)
A lot has been said and written about the growth of organised retail market in India and how big corporates, either solely or though foreign partners, would change the landscape of the country’s retail scenario with huge investments and nationwide presence. But the startling observation is the absence of own websites of these retail companies.(…)
With a view to reduce crop wastage of Rs.50,000 crore per year and increase share of processed food in the country to 20% from the present 6%, the government is setting up 30 food parks in next 5 years with a public-private partnership. These parks could also be given SEZ and other fiscal benefits to(…)
