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Cash and carry (wholesale)

Carrefour’s India partner still a suspense

The announcement of the Indian partner of French retailer Carrefour, which was expected during the ongoing visit of French President Nicholas Sarkozy, has been put on hold for some time. The chairman of the world’s second largest retailer Jose...

Munish Baldev joins Indiabulls as president

Munish Baldev, the former chief executive officer of Ansal Group, has joined Indiabulls as the group president. “As president of Indiabulls, the canvas is much bigger and I am looking forward to integrate my past experience with the vision of...

Videocon to consolidate retail business — forms Videocon Retail

Videocon Industries is entering the grocery and lifestyle retailing market through cash-and-carry format, and is planning to have all its retail formats under an umbrella brand called Videocon Retail, by mid-2008. The company’s retail brands include Next Retail, the recently-acquired...

Carrefour and Reliance negate prevailing grapevine

Even as French retailer Carrefour is yet to finalise a partner in India for launching its operations and a decision in this regard could be expected this month, “whatever is appearing in a section of the media is just...

Carrefour will announce India partner in January

French retailer Carrefour, which has shortlisted three Indian companies, is expected to announce its partner in January 2008 and launch its first joint venture hypermarkets in India around mid-2009. “Carrefour has held discussions with a large number of retailers in...

Bharti and Big Apple rebuff acquisition speculations

Industry speculations of Bharti Retail acquiring Big Apple chain of stores are mere rumours and nothing is happening on that front, both the parties told Indiaretailing. “These are mere industry speculations and the company cannot comment on these. We do...

Reliance eye on cash-and-carry and lifestyle stores

Reliance Retail is expected to roll out wholesale trade outlets (or cash-and-carry) by next year, around the same time when Bharti-Wal-Mart begins operations. “Cash-and-carry is second priority for us. Our first priority is the front-end business – the grocery stores,...

Government to revamp FDI regime by March

The government is planning to make some wide ranging changes in the FDI norms to allow foreign investors to invest stakes in commodity exchanges, raise ceilings on air transport services and retail and amend the clause necessitating foreign petroleum...
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