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May retail sales fall 79% from pre-COVID levels in 2019

May retail sales fall 79% from pre-COVID levels in 2019

Indian companies earns around 72 per cent of their revenue from the domestic market, according to a report by Morgan Stanley.Titled 'Glob...Read More

Curfew restrictions impact retail sales; health, hygiene, instant food products pick up

Curfew restrictions impact retail sales; health, hygiene, instant food products pick up

Now, there is a renewed focus on healthy alternatives such as ayurvedic toothpaste and juices, while instant foods and ready-to-eat snack...Read More

IBM records highest quarterly sales in over two years; new CEO’s turnaround plan bears fruit

IBM records highest quarterly sales in over two years; new CEO’s turnaround plan bears fruit

International Business Machines Corp (IBM) recorded highest quarterly sales growth in more two years and beat Wall Street targets on Mond...Read More

Citigroup planned an exit from 13 markets: Now is planning new operations in one of these 13 markets

Citigroup planned an exit from 13 markets: Now is planning new operations in one of these 13 markets

After announcing an exit from 13 markets including India and China, Citigroup is planning a comeback. But this return is only to China, a...Read More

E-commerce bound to grow, modern retail channels to bounce back in small format: HUL's  Sanjiv Mehta

E-commerce bound to grow, modern retail channels to bounce back in small format: HUL's Sanjiv Mehta

The Indian e-commerce sector is bound to grow even after the pandemic and the modern retail formats will bounce back but only through sma...Read More

Fresh Covid-19 wave dents prospect of recovery, retail mobility

Fresh Covid-19 wave dents prospect of recovery, retail mobility

The fresh lockdowns and restrictions in the country in the wake of second Covid-19 wave is beginning to have its impact on the economic a...Read More

We can't go back to last year: Multiplex, retail associations urge Maha government to avoid lockdown

We can't go back to last year: Multiplex, retail associations urge Maha government to avoid lockdown

Cinema, retail, and shopping industries won't be able to bear another lockdown, industry associations said on Thursday, urging Chief Mini...Read More

Kalyan Jewellers plans to expand its retail footprint by 13%

Kalyan Jewellers plans to expand its retail footprint by 13%

Following its initial public offering (IPO), Kalyan Jewellers on Tuesday announced plans to expand its retail footprint by 13 per cent in...Read More

Reliance Industries recalibrating business across oil to retail chain

Reliance Industries recalibrating business across oil to retail chain

Reliance Industries Ltd, India's biggest firm, has reorganised oil to chemicals business, recalibrated retail operations, and is doubling...Read More

RBI unlikely to cut rates despite dip in Dec retail inflation: Report

RBI unlikely to cut rates despite dip in Dec retail inflation: Report

The 'Ecoscope' report noted that the central bank is likely to continue with its calibrated approach towards the management of domestic l...Read More

Inbound M&As fall 7% to USD 73.6 billion in 2020: Report

Inbound M&As fall 7% to USD 73.6 billion in 2020: Report

Despite Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the ove...Read More

Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani

Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani

Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Biyani in an interview ...Read More

Retailers looking at 2021 with cautious optimism: RAI

Retailers looking at 2021 with cautious optimism: RAI

With steady month-on-month recovery continuing in November and festive shopping bringing some respite to the retail industry, retailers a...Read More

Yes Bank aims to disburse Rs 10,000 crore retail, MSME loans in December quarter

Yes Bank aims to disburse Rs 10,000 crore retail, MSME loans in December quarter

Yes Bank aims to disburse retail and small business loans worth Rs 10,000 crore in the current quarter of the financial year and plans to...Read More

Diwali shopping boosted retail sales of certain categories: Retailers

Diwali shopping boosted retail sales of certain categories: Retailers

Retailers Association of India (RAI) on Monday said Diwali shopping brought respite to some segments of retail, especially garments, whil...Read More

Walmart grows stronger in pandemic; quarterly hit USD 133.75 billion

Walmart grows stronger in pandemic; quarterly hit USD 133.75 billion

Walmart turned out another stellar quarter as the world's largest retailer powers through a pandemic that has felled other national chain...Read More

OnePlus to invest Rs 100 crore to expand retail presence in India

OnePlus to invest Rs 100 crore to expand retail presence in India

Chinese smartphone maker OnePlus on Wednesday said it will invest Rs 100 crore towards expanding its offline retail network as it looks t...Read More

Brokerage industry to see 12% revenue growth in FY21: Report

Brokerage industry to see 12% revenue growth in FY21: Report

The domestic brokerage industry's revenue will grow up to 12 per cent in FY21 on the back of heightened retail participation in markets, ...Read More

Reliance’s retail business may sell stake worth USD 20 billion to Amazon

Reliance’s retail business may sell stake worth USD 20 billion to Amazon

After selling stake to Silver Lake Partners, Reliance Industries Limited (RIL) is holding talks with multiple investors to raise funds fo...Read More

Only retail segment may not be prudent for banks in current scenario: SBI’s Arijit Basu

Only retail segment may not be prudent for banks in current scenario: SBI’s Arijit Basu

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this c...Read More

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