Lakme Fashion Week 2020 kicks off 'seasonless' digital edition, as hopes ride on online sales in face of coronavirus pandemic
Following a parched few months in luxury retail, can digital fashion weeks like LFW offer greater business to designers?
The Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group on a slump sale basis
Delhi: I-T department raids premises of Chinese entities, associates with suspected hawala links for alleged money laundering
The search revealed that a subsidiary of a Chinese company, related concerns took over Rs 100 crore advances from shell entities for opening retail showrooms
COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report
Walmart International, which is present in nine markets including China, Japan, Mexico, the UK apart from India, saw sales growing by 3.4 percent to $29.76 billion in the January-March period, with e-commerce accounting for 9 percent sales.
Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman
State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between 1 March and 15 May when businesses were reeling under the impact of COVID-19 crisis
Top UN economic experts have hailed as “impressive” the Rs 20 lakh crore stimulus package, the largest so far among developing countries, announced by India to revive the country's economy, which has been severely hit by the coronavirus-triggered lockdown
Retailers on Wednesday said measures announced by Finance Minister Nirmala Sitharaman will bring back liquidity with businesses and provide a boost to the economy
FICCI calls for stimulus of around Rs 10 lakh cr to stimulate demand, supply to avert long-term economic slowdown
For getting the industry back on track and moving, there needs to be a robust plan for phased opening up of the economy and re-starting growth, FICCI said
Retail sector loses a whopping Rs 5.50 lakh cr since lockdown; around 20% traders may pull down shutters, says CAIT
CAIT said the retail trade may see many more traders pulling down shutters as the sector has become unviable.
Rating agency S&P Global has affirmed its 'BBB+' rating with a stable outlook on Reliance Industries (RIL), saying the company's leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings
Billionaire Mukesh Ambani's Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest $5.7 billion in digital assets controlled by the company
Coronavirus Outbreak: Banks have done nothing to help retailers to tide over lockdown crisis, says industry body
Banks have done "sweet nothing" to provide financing to retailers to tide over the lockdown crisis, and the government intervention is needed to avoid mass unemployment in the sector, according to RAI
Policy flip-flop on e-commerce: Preferential pricing to gain some market share has to be stopped in its tracks
The government's recent flip-flop on opening of e-commerce to the so-called “non-essential” goods is just one of the many such flip-flops that the Government of India has made in the last 15 years on policies relating to modernisation of India’s retail sector
Lockdown: Disruption in production, supply lines to hit consumer business despite rise in demand, says report
The consumer durables segment, which was already having a difficult time, is now expected to take close to a year to show any signs of growth, it added.
Traders' body CAIT on Tuesday said India's retail trade has incurred losses to the tune of whopping $30 billion (about Rs 2.2 lakh crore) in the last fortnight alone due to the coronavirus pandemic
Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.
Coronavirus will paralyse gig economy, big businesses; it's up to policymakers to not let this become full-blown economic crisis
To address the problems arising out of the unique structure of the Indian economy and to ensure that the economic engine keeps cranking, both monetary and fiscal measures will be required soon.
Retail FDI: Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing norms
Goods procured from units in special economic zones (SEZs) by single brand retailers, owned by foreign companies, would qualify for meeting the mandatory 30 percent local sourcing conditions, according to a government clarification
Amazon India inks long-term deals with Future Group for expanding reach of retail stores, consumer brands
Amazon India on Monday said it has entered into long-term business agreements with Future Group for expanding the reach of the latter's retail stores and consumer brands through its online marketplace