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CAIT demands scrutiny of proposed Flipkart-Walmart deal

Traders' body CAIT has demanded scrutiny of the proposed US $12-billion Flipkart-Walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector. It is really unfortunate that in spite of having a clear FDI policy, foreign...

Government to introduce national policy for retail trade

The Government is considering a national policy on retail trade with a view to ensuring orderly growth of the fast growing sector. According to a PTI report: The commerce and industry ministry, a Government official said, has written to the...

Govt must seek traders’ views on e-commerce policy: CAIT

Traders body CAIT has demanded that its views be taken on the proposed policy on the e-commerce sector. The Confederation of Indian Traders (CAIT) said its representative was not invited in Tuesday's stakeholders meeting on the e-commerce policy. This is a...

CAIT writes to PM seeking national retail trade policy

Traders' body CAIT said it has written to Prime Minister Narendra Modi seeking a national policy for retail trade and formation of a separate ministry of internal trade. In a statement, the Confederation of All India Traders (CAIT) said it...

Discounts by e-commerce cos spoil market decorum: Rakesh Biyani

Amid allegations that e-commerce players are influencing prices through deep discounts, leading retail chain Future Retail said such practices are putting a question mark on the market decorum. According to a PTI report: Stating that there is a level-playing field...

Liberalised FDI norm in single brand retail draws mixed reactions

The Union cabinet's approval of 100 per cent Foreign Direct Investment (FDI) in single brand retail on Wednesday drew mixed reactions with industry observers lauding the move while traders' bodies opposed it as "a serious matter for small businesses". "This...

CAIT opposes 100 pc FDI in single brand retail via automatic route

A trade body has strongly opposed the Centre's decision to allow 100 per cent foreign direct investment (FDI) in single brand retail through the automatic route. According to a PTI report: The Confederation of All India Traders (CAIT) said the...

CAIT launches Digital Rath to boost digital payments

In its efforts to incentivise digital payments in the country, the Confederation of All India Traders (CAIT) has launched a Digital Rath under its national campaign "Cashless Bano India" in association with MasterCard to boost digital payments among traders...

Less footfall in markets amid cash liquidity issue: CAIT

Traders are concerned that they might not be able to sell the stock of goods procured in anticipation of good business as there is less footfall of consumers in the markets due to cash liquidity issue, CAIT said. The Confederation...

Deadline for sale of pre-GST goods extended to Dec 31: Ram Vilas Paswan

The Government has extended the deadline for sale of pre-GST goods with stickers of revised rates by three months to December 31, Consumer Affairs Minister Ram Vilas Paswan said. According to a PTI report: The decision came after several companies...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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