Single brand retail
Fashion & Lifestyle
UK-based Clarks shoes snaps ties with Reliance Retail; closing all India stores
The UK footwear brand may, however, consider restructuring its India business and operate in the country as a single-brand retailerReliance Retail and UK-based footwear company Clarks have terminated their two-year-old joint venture amid major differences over various terms of...
Retail
Cabinet eases local sourcing norms in single-brand retail
The Union Cabinet on Wednesday unveiled the second round of foreign direct investment (FDI) reforms by easing the 30 percent local sourcing norm in single-brand retail (SBRT) where domestic procurement for exported goods will now qualify for inclusion under...
Retail
Delhi Assembly flays Centre for 100 percent FDI in retail
The Delhi Assembly on Wednesday adopted a resolution criticising the Centre's decision to allow 100 per cent Foreign Direct Investment (FDI) in single-brand retail.Presenting the resolution in the house, Aam Aadmi Party MLA Somnath Bharti said the decisions of...
Retail
Cabinet approves 100 pc FDI in retail
IANS -
In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT).Besides, the Government also decided that foreign institution investors and portfolio investors be...
Retail
CAIT opposes 100 pc FDI in single brand retail via automatic route
A trade body has strongly opposed the Centre's decision to allow 100 per cent foreign direct investment (FDI) in single brand retail through the automatic route.According to a PTI report: The Confederation of All India Traders (CAIT) said the...
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Tim Cook sees India as one of the fastest growing markets for Apple
In an analyst conference call after announcing Apple's third quarter result recently, Apple CEO Tim Cook said India has become one of the most important markets for Apple and the company is looking forward to open its company owned...
Retail
Govt to review local sourcing mandate for single-brand retailers
There may be some good news on the cards for single-brand retailers. The Government may review the requirement for local sourcing of 30 per cent of the goods sold by overseas players, who have entered India through the single-brand...
Retail
Carrefour marks its entry into India
World's second largest retailer Carrefour has entered the booming Indian retail sector with its first wholesale cash-and-carry outlet in Delhi. The 5,200-sq.m store at Seelampur Metro Mall, inaugurated on December 30, will offer 10,000 food and non-food items to...
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Bombay Brasserie enters Northeast with first outlet in Guwahati
The outlet in Guwahati is the 10th unit of the leading food chain and is the first in a...
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