IndiaRetailBiz

Close on heels of India’s GDP crossing US Dollars One Trillion on 26th April,2007, the market cap of equity stocks of companies listed on the Indian bourses also crossed the One Trillion mark on Monday, the 28th May, 2007.
What is most interesting, however, is the fact that the top five business houses […]

Since the attack of street vegetable vendors on Reliance ‘Fresh’ stores in Ranchi and subsequent stone pelting on Reliance vehicles in Indore, George Fernandes, the trade unionist, old desciple of socialist thinker, Ram Manohar Lohia, has actively joined the cause of small traders. Following is an excerpt oh his position on big versus small retail. […]

Depot, the books, leisure, and entertainment retail format of Kisore Biyani owned Pantaloon Retail (Future Group), which achieved a turnover of Rs 50 crore in the first year of its operations (2006-07) is all set to double the same to over Rs. 100 crore during current fiscal 2007-08. During this period Depot’s number of […]

The Indian government’s desire to improve growth of agriculture from 2% at present to 3-4% can be achieved by linking up the farmers with markets. And, organised retail has the potential connect farmers with consumers, averred Sunil Bharti Mittal, while talking to The Telegraph in an interview after taking the charge as […]

What began as a localised protest in Ranchi, where three of the four Reliance ‘Fresh’ shops were vandalised by street vegetable and fruit (v&f) vendors, which later spread to Indore, where protesting vendorsbesides pelted stones also burnt effigy of the Reliance owner, now threatens to be engulfing the business friendly city of Ahmedabad, as well. […]

In an interesting development, Julie Roehm, former marketing executive at Wal-Mart, the world’s largest retailer, who was earlier sacked on charges of traveling with a co-worker, with whom she allegedly was romantically linked, hit back at Wal-Mart with a number of accusations, in a filing at the US District Court in Detroit. She has accused […]

After recent protests in Ranchi (Jharkhand) and Indore (MP), Reliance Retail faces opposition from trade body in Haryana too!
While, ‘Fresh’ in the past has faced opposition from vegetable and small vendors in Jaipur and Chennai, certain sections of the ruling alliance in Kerala and West Bengal are also opposed the entry of big business in […]

Although, small traders are up in arms against entry of Reliance in retail sector, particularly in the business of fruits & vegetables, Reliance can take solace from farmers, who are happy saying, “the firm’s entry into vegetable business is bringing them good money - and on time,” according to an IANS report.
In the past two […]

Sunil Bharti Mittal, while inaugurating his term as President of Confederation of Indian Industry (CII) pitched in to defend the role of modern (organised) retail in the country. He was addressing soon after assuming charge of the elite club of industrialists.
Sunil Mittal, who is also the Chairman and CEO of Bharti Enterprises, has a few […]

Sunil Bharti Mittal, Chairman and CEO, Bharti Enterprises, was elected the President of Confederation of Indian Industry (CII) for the year 2007-08. He will charge of the office today from the incumbent CII President, R Seshasayee, Managing Director, Ashok Leyland.
Sunil Bharti Mittal, who owns the country’s biggest private telecom enterprise, has recently entered into an […]