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Carrefour profit decline seen bottoming in 2009

French retailer Carrefour is seen reporting a hefty drop in 2009 profits this week after an especially tough year's trading in Europe, but analysts say the worst of the earnings decline is likely to have passed. Carrefour, the world's...

Carrefour rules out Brazil exit, plans investment

French supermarket chain Carrefour has no plans to leave Brazil and will make more investments in the South American country, the company’s top executive in Brazil, Jean Marc Pueyo, told the press.“Why would Carrefour put so much money into...

“BI and data warehousing’s markets are intertwined and extremely symbiotic”

Teradata, the solution provider for specialised data warehousing and business analysis, is optimistic about the prospectus of their business growth in India, considering the increasing usage of cutting edge technologies in various businesses. Teradata has vast experience of working...

“We have continued to grow in the current slowdown”

Aditya Birla Retail Limited (ABRL), the retail arm of the Aditya Birla Group with 640 supermarkets and three hypermarkets at Baroda, Mysore and Aurangabad, is one of the major players in the modern retail space in India. With the...

IBM to run Carrefour’s IT systems in France

International retail giant Carrefour has signed 155 million pound agreement with IBM, that will see the technology services provider take over the transformation, management and maintenance of Carrefour’s IT infrastructure and applications in France. IBM said that this will...

Liberalising retail – the ‘Right’ expectation sans the ‘Left’

The expectation is clear and so is the mandate. The new government has been vested with the power to form a stable government, especially so with no dependence on the Left party alliance. Thomas Varghese, CEO, Aditya Birla Retail...

VISHAL MEANS ‘BIG’, LITERALLY

Timely decisions, defined strategy, and a futuristic approach, clubbed with an understanding of consumers' needs as also the ability to create one, are the qualities that mark out the best retail companies.From a nondescript 50 square feet shop to...

Wipro applying thought for FMCG?

Wipro Consumer Care and Lighting (WCCLG), quietly founded by Wipro Group in 2003 with Rs 360 crore as start-up capital, is beginning to make noise - about its global and local acquisitions, marketing strategy, diversification and new product launches....

Jumbo Saver Value in Elephantine Proportions

Developed under the Jubilant banner, Bangalore's Jumbo Saver is an entirely innovative retail concept that belies any easy categorisation at the moment. Perhaps for the first time in the country, a retailer has taken up a clear 50 per...

“The politicis of Organised Retail will be short – Lived”

The time for retailing in India, as an organised industry, has arrived.Indian retail should be granted industry status immediately. There need not be any second thoughts or guesses on this. Retail is poised to be one of the largest...
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India’s gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC

The total gems and jewellery exports stood at Rs 18,413.88 crore ($2,240.77 million) during June 2023Mumbai: India's overall gems...
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