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Soumitra Ghatak

Slowdown-hit DollarStore shuts 41 stores

US-based deep discount retailer MyDollarStore Inc., founded by an American of Indian origin, is the latest casualty of the economic slowdown in India that has forced organized retailers to apply the brakes on ambitious expansion plans.The chain, which entered...

Imported Bazaars from Future

Kishore Biyani-led Future Group, in association with Mumbai-based Sankalp Retail Value Stores, has rolled out a new shop-in-shop format called Imported Bazaar in Hyderabad. Sankalp Retail Value Stores is the master franchisee of Dollar International in India.Announcing the launch,...

Multiple pricing format from My Dollar Store

My Dollar Store, the uniform price value store from the United States, is planning to expand operations in India as it plans to float a chain of stores having multiple pricing."We are planning to launch our operations from February...
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HUL Board approves demerger of ice cream business into an independent listed entity

The existing shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HULNew...
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