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Kirana modernisation can boost consumption, generate 3.2 mn jobs

The transformation of just 10% of the 13 million traditional grocery retailers in India, known as Kirana stores, could boost retail consumption by more than 5% and generate approximately 3.2 million new jobs in India, according to a new report from Accenture (NYSE: ACN) and...

Kiranas, MSMEs hop onto e-commerce bandwagon with Flipkart Wholesale app, Best Price cash-and-carry stores

Over a million small retailers in the country and hundreds of MSMEs continued to repose their faith on online platforms and digitisation as the entire retail ecosystem opts for e-commerce as a mode of doing business during the challenging...

Walmart all set to hire 30,000 people in UP for cash-and-carry format

Tagging Uttar Pradesh as a priority growth state, Walmart India said it expects to create at least 30,000 local jobs by setting up 15 stores in the state. Walmart India, which already runs four cash-and-carry stores in UP, recently...

Walmart to benefit from GST in India, says Krish Iyer

Walmart will be benefited by the Goods and Services Tax (GST) which will be a win-win situation for all, the American retail giant's top official in India said as the landmark tax reform measure is all set to be...

FDI in retail: Milestones from 2006 to 2016

Making India the most open economy in the world, Modi Government recently announced its second major reform in FDI soon after its radical changes announced in November last year. The Government, since the beginning, has been taking steps to boost FDI in...

Wal-Mart India’s Best Price Lucknow Store Bags `International Store of the Year – 2014’ Title

Wal-Mart India, the wholly owned subsidiary of Wal-Mart Stores, has announced that its Best Price Modern Wholesale Store in Lucknow, Uttar Pradesh, has been honoured with the `International Store of the Year’ title, from among 6,000 Wal-Mart stores spread...

FDI In Multi-Brand Retail – Hope In Abeyance

 FDI In Retail – As It Happened India’s decision to allow foreign direct investment (FDI) in multi-brand retail towards the end of 2012 and its FDI policy modified in April 2013 put the country back on the retailing map of...

Carrefour’s second store to come up in Jaipur

After Delhi, French retailer Carrefour India is likely to set up its second cash and carry store at Jaipur. Expanding its retail canvas, the company is also scaling up its IT platform to enable its customers shop online.According to...

Italian fashion brand Naracamacie keen to enter Indian retail market

Italian fashion brand, Naracamacie, is keen to enter the Indian retail market, and has sought government permission for the same. In an application made through a potential franchisee, Sagar Shwekramani of the UAE, Naracamacie has told the Foreign Investment...

Bharti Walmart on expansion spree

Bharti Walmart Pvt Ltd, the cash and carry joint venture between world’s largest retailer Walmart and Bharti Enterprises Ltd, plans to open eight more stores in 2011."We are planning to open eight more stores in India this year and...
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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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