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Retail
21 e-commerce firms under the scanner for FDI violation
In response to the petition filed by All India Footwear Manufacturers & Retailers Association, against e-commerce firms for violations of India's foreign direct investment (FDI) norms, Delhi High Court has ordered the government to probe 21 e-commerce companies.
Major e-commerce...
Fashion & Lifestyle
Bangalore based Caravan steps up expansion drive, launches web store
Bangalore-based Caravan Evolved Craft, the maker of evolved Indic craft products, has launched its web store. Now shoppers across India and the world can experience its unique contemporary crafted products comprising apparel, jewellery, decor, gifts and toys, it said...
Retail
CashKaro.com to expand internationally, raises Rs 25 cr
Online cashback and coupon site CashKaro.com has raised Rs 25 crore in Series A funding from venture capital firm Kalaari Capital.
Launched in August 2013, Gurgaon-based CashKaro works on an affiliate model with ecommerce sites such as Amazon, Snapdeal and...
Retail
Indian e-commerce market to touch USD200 bn GMV by 2025: BofA-ML
India's e-commerce market is expected to witness significant uptrend in the coming years and touch USD200 billion in terms of gross merchandise value (GMV), says a Bank of America Merrill Lynch report.
The global financial services major said the e-commerce...
Retail
In a first, Apple offers discount to boost sales
Apple is offering discount on its latest iPhones in less than a month of its launch in India.
According to a report in The Economic Times, the company is offering a buyback offer on iPhone 6s and 6sPlus and giving...
Progressive Grocer
HyperCITY to open three stores in Delhi NCR this year, first store opens today
After expanding its store network in West and South India, K Raheja Corp company HyperCITY Retail (India) opened its first store in Delhi NCR today. This is the chain's third outlet in North India.
Spread over 38,000 sq.ft, the store...
Fashion & Lifestyle
Go Colors' small-box format optimises unused mall spaces
Go Colors, a pioneer in branded legwear for women, has created a unique Kiosk format in apparel retailing. The brand offers over 1000 legwear items in a color range of more than 120 shades in its kiosks across many...
Progressive Grocer
Hypercity to open its first retail store in Delhi NCR
K Raheja Corp company HyperCITY Retail (India) plans to open its first store in Delhi-NCR on November 6, 2015. The store is opening at Noida's Great India Palace Mall.
HyperCITY, which launched its first store in Malad, Mumbai, now has...
Retail
Flipkart, Amazon, Snapdeal denting malls' festive season hopes: Assocham
In the wake of unprecedented surge in e-commerce, Indian shopping malls -- already under huge pressure due to large vacant spaces -- are expected to see a sharp decline in the footfalls. This could be to the extent of...
Retail
Jabong appoints Sanjeev Mohanty as CEO, aims to start anew this Diwali
Online fashion marketplace Jabong has formally announced the appointment of former Benetton India head Sanjeev Mohanty as its CEO and Managing Director. Mohanty, whose appointment is effective early December this year, has over 20 years of experience in the...
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Latest News
Govt asks retailers to cut profit margins on pulses; pass on lower wholesale rates
The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players.New Delhi: The...
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