IndiaRetailBiz

Bharti Wal-Mart, which began its India operations with opening of cash and carry (B2B) wholesale store under the banner of “Best Price Modern Wholesale” in the holy city of Amritsar in Punjab, has also begun partenering with the government (PPP) as well as large multi-national private sector corporates to undertake projects of social importance.
Bharti walmart [...]

Green is In! In what could turn out as a ‘game changing’ initiative, the world’s largest retailer Walmart has proposed to create “sustainable product index.”
The Index, perhaps a composite number that provides a single measure of environmental information, is expected to tell the consumer as to how a product she is buying affected the planet.
To [...]

GST (Goods & Service Tax)– announced to be implemented from 1st April, 2010– and possible opening of retail to foreign investment (FDI), will ensure multi-fold growth for FMCG sector in the next 10 years.
According to a FICCI-Technopak report, the sector is expected to grow 4-fold from Rs1.25 lakh crore ($25 billion) sales in 2008 to [...]

The Confederation of All India Traders (CAIT), a body of traders in the unorganised sector, is seeking immediate implementation of the recommendations made by the Parliamentary Committee on retail trade.
“The recommendations of the Parliamentary Standing Committee headed by Dr Murli Manohar Joshi laid down in Parliament few days back for imposing blanket [...]

The noose appears to be tightening around the neck of Chennai-based Subhiksha Trading Services!
According to media reports, the Ministry of Corporate Affairs (MCA) is expected to sanction an enquiry within a couple of days to go into the “alleged mismanagement” of funds. The enquiry, in terms of Section 209(A) of the Companies Act, will [...]

Subhiksha, the Chennai-based food and grocery retailer, which has suspended operations of all its 1,600-odd stores across the country, since January, this year, on account of cash crunch, has disputed payment of outstanding Provident Fund (PF) to its employees between the period of September and December of 2008. The cash starved [...]

Turtle Ltd, Kolkata-based fashion apparel maker that specialises in sale of ‘mass premium’ menswear and accessories, under ‘Turtle’ brand, is close to completing the process of  strategic stake transfer to Kishore Biyani-led Future group within one month. The apparel company, owned by Landasaria family, has for quite sometime been in talks with Future group for strategic [...]

The growing spat between R Subramanian, Founder, Promoter, and Managing Director of Chennai-based beleaguered value retailer Subhiksha, who holds 59 per cent stake in the company, with the private equity partner and second biggest (23 per cent) equity holder I-Venture, is getting murkier every day.
Rubbishing reports of possible take over of control of management [...]

Subhiksha is back in the news again!
This time the Chennai-based value retailer appears to be in denial mode as it has denied existence of a “new year mail” that is claimed to have been written by its Managing Director R Subramanian to its top management, which sets timeframe,  among others, for payment [...]

3i Infotech, the information technology arm of the country’s largest private sector bank ICICI Limited, has decided to extend the benefits and reach of infotech to rural areas across the country. It has decided to open 12,500 stores in small towns and rural areas under the brand name of ‘I-SERV.’ These stores [...]