MNC retailers may get to enter smaller cities too

NEW DELHI: The government may allow foreign multi-brand retailers to set up stores in cities with a population of less than a million, a measure that is part of the possible relaxation of norms that the department of industrial policy and promotion (DIPP) is examining. A senior official said the commerce and industry ministry might […]

ShopClues celebrates achievement of 10,000 Merchants

ShopClues, a managed marketplace, hosted its Seller Summit in New Delhi. Nearly 150 merchants representing over 65 listing categories attended this Seller Summit.  The idea behind the Seller Summit was to celebrate the success merchants have achieved on ShopClues marketplace platform.  In January 2012, ShopClues had close to 10 merchants and by end of May […]

Starbucks adds three more outlets to its network in India

Continuing with its expansion in India, Tata Starbucks today said it has added three more outlets of the US-based coffee chain in Delhi and Mumbai. The firm, a 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages Co, said with the opening of the new outlets, its total store count has gone up […]

Walmart faces yet another roadblock

At a time when global multi-brand retail chains were looking for easing of hurdles, the government seems to have impacted the entire retail universe by tightening the rules for wholesale traders. The Department of Industrial Policy and Promotion (DIPP), in a press note issued today, defined group firms as “two or more enterprises that directly […]

What after cash on delivery?

After cash on delivery (CoD), what? Many e-commerce websites in India are grappling with precisely this question two years after Flipkart offered that game-changing option to its buyers. Now, CoD is like a hygiene factor in the business. You either do it or you are not there at all. Consider the stakes. Global e-commerce sales […]

Swiss watchmaker Raymond Weil to expand presence in India

Swiss luxury watchmaker Raymond Weil is looking at setting up three more stores and also expand its presence in multi-brand outlets in the country. “We have been in India for a long time and we have received appreciation across segments, especially women. We have stores across the metros and are now looking at cities like […]

Promart ties up with Franchise India for 100 Franchisees

Promart Retail – a discount retail chain and value format brand today announced their partnership with Franchise India – Asia’s largest integrated franchise solution company to further expand their footprint in India. As a part of this tie-up, Promart will open 25 franchisees every quarter and expects a growth of 15-20% y-o-y. The company is […]

Commerce Dept steps in to help Bangladeshi vendors get dues from Lilliput

New Delhi: The Commerce Department has stepped up pressure on the cash-strapped apparel company Lilliput Kidswear for payment of an alleged $4 million it owes to vendors from Bangladesh in an unusual case of intervention by the Indian Government on an issue concerning private companies. Lilliput Kidswear founder Sanjeev Narula, when contacted by Business Line, […]

Walmart shrugs aside retail links to Bharti

Walmart, the world’s largest retail chain, has referred to the Bharti Retail outlets as “franchised” in its annual report for the financial year ended January 31, 2013, filed with the US markets regulator, the Securities and Exchange Commission. While elaborating on its international business, including the cash-and-carry or wholesale stores in a joint venture (JV) […]

Snapdeal arrives at deal to raise $20 mn

Jasper Infotech, the company which runs the e-commerce portal Snapdeal.com, is understood to have broadly arrived at a deal to raise $20 million through the private equity route, after some tough negotiations. While there were reports that the transaction can happen at a valuation of as much as $300 million, it is understood that the […]