All India articles – Page 11
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News
Foreign retailers welcome new Indian government
Last week India’s new government, with Manmohan Singh as prime minister, was sworn in in Delhi. Singh and the Congress Party won a decisive mandate with his pledge to tackle the impact of the global economic crisis and by ensuring growth for the country.
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Rosebys UK to be resurrected in global push
Home textiles retailer Rosebys could make a return to the UK this year, according to its owner, Indian industrialist Sanjay Dalmia.
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Carrefour and Reliance Retail discuss joint venture
French retailer Carrefour is in talks with Indian giant Reliance Retail about forming a joint venture.Carrefour has been negotiating to operate in India in partnership with tycoon Kishore Biyani’s Future Group, but no deal has been struck.The French group is now talking to other potential partners, including Aditya Birla and ...
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Invest in India but beware of problems, retailers warn
Those making investments in India should act soon, according to BS Nagesh, managing director of Indian department store chain Shopper’s Stop, who summed up the panel’s views on the next phase of development in Indian retail at the World Retail Congress.
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M&S treads cautiously in India
Marks & Spencer’s foray into the Indian market is being slowed by global economic turbulence and delays in the availability of commercial property in the country.Through a joint venture with Reliance Retail, M&S had planned to set up 50 stores across the country in the next five years. Chief executive ...
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Subhiksha seeks to avoid liquidation
Department store Subhiksha is poised to go to court to avoid liquidation.