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Retail-Services-Industry-The Economic Times



The Economic Times: Latest business, finance, markets, stocks, company news from India.



Last Build Date: Sat, 10 Dec 2016 18:28:15 GMT

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Karnataka aims to lead cashless race at PDS shops

Thu, 08 Dec 2016 19:07:55 GMT

(image) Aadhar-enabled point-of-sale (PoS) machines at 20,778 fairprice shops in Karnataka will use biometric authentication of 1.08 crore below-poverty-line (BPL) rationcard holders to release rations.



Thailand’s Siam Makro looks to set up 100% cash-and-carry operations here

Wed, 07 Dec 2016 19:04:47 GMT

(image) Cash-and-carry is currently a Rs 6,800-crore market in India, and has been growing at an annual rate of 13%, faster than modern trade but on a lower base.



Patanjali targets reaching Rs 1 lakh crore production by 2020

Tue, 06 Dec 2016 17:31:52 GMT

(image) While hailing the Narendra Modi government's move to demonetise higher denomintion notes, Ramdev said it was essential to continue taking further steps



India to overtake US as world's largest e-commerce market: Study

Mon, 05 Dec 2016 17:11:25 GMT

(image) The report said the e-commerce market is expected to grow exponentially with emerging markets leading the charge -- particularly India.



Discounts on e-commerce sites being given by sellers: DIPP

Mon, 05 Dec 2016 16:06:18 GMT

(image) As per DIPP guidelines, e-commerce marketplace players cannot directly or indirectly influence the sale price of goods or services on their platforms.



Demonetisation impact short-term, growth normal now: Amazon

Mon, 05 Dec 2016 14:41:19 GMT

(image) Amazon India has re-started cash on delivery mode since November 11, claiming normalcy has kicked in "across the board".



Vendor body tweets its way to meetings with ministers and top govt officials

Sun, 04 Dec 2016 19:53:27 GMT

(image) The All India Online Vendor Association (AIOVA) has since tweeted its way to prominence, landing meetings with ministers and top government officials.



Search and behold! Google India posts 44% rise in revenues at Rs 5,904 crore

Sun, 04 Dec 2016 19:04:57 GMT

(image) India operations post 44% rise in revenues at Rs 5,904 cr in FY16 as the internet giant grabs a major chunk of digital ad market.



Aditya Birla Retail posts 21% sales growth, losses pile up

Sun, 04 Dec 2016 18:58:32 GMT

(image) Aditya Birla Retail expects to be profitable by 2017 despite high debt burden.



Retailers asked to accept old Rs 500 note for recharges: COAI

Sun, 04 Dec 2016 09:03:11 GMT

(image) Operators have provided strict guidelines to their distributors and retailers for accepting and processing Rs 500 demonetised notes, said Rajan Mathews.



Gujarat High Court ruling gives relief to etailers like Flipkart, Amazon, Snapdeal

Fri, 02 Dec 2016 19:04:26 GMT

(image) A number of states led by Gujarat had imposed entry tax on goods supplied by ecommerce players from outside the state seeking to protect local traders and their revenues.



Flipkart's fashion unit Myntra bets on artificial intelligence to drive growth

Thu, 01 Dec 2016 12:29:54 GMT

(image) Bengaluru-based Myntra, which was acquired by Flipkart in 2014, is using customer data to create personalised stores, and curating clothing lines based on fashion trends.



Demonetisation: Myntra not mulling big discounts to boost sales

Thu, 01 Dec 2016 12:20:32 GMT

(image) Post-demonetisation, our growth rate has come down which I believe will last two months but it will come back, said Myntra.



Yoga Gurus: The leaders behind India's hottest consumer products

Thu, 01 Dec 2016 02:36:26 GMT

(image) Ramdev, Ravi Shankar, Gurmeet Ram Rahim and Jaggi Vasudev are among leaders lending their names to everything from honey, herbal remedies to toothpaste.



Demonetisation: Retailers at popular shopping hubs still accepting old currency

Thu, 01 Dec 2016 01:27:44 GMT

(image) The lack of supply of new notes coupled with the desire of buyers to hold on to their kitty of new notes resulted in retailers' sales falling by 60-80%.