India’s vast and expanding market is undisputed and has opportunities for nearly all types of industrial activity and services, said Kazem Samandari, Executive Chairman, L’Opera. “The market segments we are addressing today, comprising consumers with growing purchasing power, represent an attractive opportunity for almost all types of business activity and services,” he said. Samandari noted […]
In line with the ongoing initiatives to support MSMEs and Small Retailers in the country, India Center for Policy Research and Governance (ICPRG) in association with METRO Cash & Carry India in collaboration organised the sixth edition of the Retail Samvad, titled – Future of Small Retail: Building enabling ecosystem for small retailers & MSMEs […]
Spencer’s Retail, a part of the RP-Sanjiv Goenka group, has announced the appointment of Anuj Singh as its new CEO and managing director. The decision was made by the board of directors in a meeting held on Wednesday, based on the recommendation of the nomination and remuneration committee. Singh will be joining the company as […]
Reliance Consumer Products (RCPL), the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures (RRVL), on Wednesday announced the expansion of its FMCG portfolio with the launch of its range of home and personal care products. The products include Glimmer beauty soaps, Get Real natural soaps, Puric hygiene soaps, Dozo dishwash bars and liquids, HomeGuard […]
The fashion house, Eli Bitton, originally from Israel, opened its first flagship store in West Patel Nagar, New Delhi, India. The launch was attended by numerous social media influencers and Delhi socialites. Eli Bitton has been operating in Israel for over thirty years, and now seeks to expand its presence in India by providing unique […]
Indian retail entities are all set to see an exuberant year-on-year (YoY) increase in sales of 45 per cent in financial year (FY) 2023 and their operating profit margins (OPMs) are expected to remain range-bound at 7-7.3 per cent, said rating agency ICRA. The rating agency’s recent analysis of the industry stated that this is […]
Retail inflation for agricultural and rural workers for February 2023 rose to 6.94 per cent and 6.87 per cent, respectively, according to the ministry of labour and employment. It was 5.59 per cent and 5.94 per cent, respectively, in February 2022. The ministry of labour and employment said this increase was due to the increase […]
Mango, a prominent European fashion group, is expanding its presence in India with a new flagship store in Bangalore’s Indiranagar shopping center. The store covers 5500 square feet across two floors and is the first Mango store in India to offer the Woman, Man, and Kids lines under one roof. The store also features the […]
Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits — including NRO and NRE term deposits, by 25 basis points on select tenors. These hiked rates are applicable on deposits below Rs 2 crore, with immediate effect. Following are the tables detailing the hike in rates along with […]
