All India articles – Page 7

  • Kingfisher

    Which are the most exciting emerging markets?


    So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.

  • Walmart

    Indian retail investment talks suspended


    The Indian government has suspended talks to allow foreign investment from the world’s largest retailers with no clear timeframe in place to re-start discussions.

  • Walmart cannot currently sell direct to customers in India

    Indian foreign investment proposals put on hold


    Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.

  • Isabel Cavill

    India’s historic reforms will draw international players

    December 2 2011

    The Indian cabinet has passed the bill on foreign direct investment (FDI) and agreed to allow 51% holdings in multi-brand and 100% in single-brand retail, making it one of the biggest economic reforms in the country’s history.

  • A decision could still be two years away

    Indian cabinet approves foreign investment in retail


    The Indian government has cleared the way to allow multinational retailers including Tesco, Carrefour and Walmart to enter its retail market.

  • News

    Pantaloon posts financial results for first quarter


    Future Group-owned clothing retailer Pantaloon has posted financial results for its first quarter ended September 2011. The company’s consolidated net sales were INR3,180.26 crore (£422.1m) compared with INR2,750.76 crore (£372.3m) in the comparable period last year, an increase of 15.61%. Consolidated net profit plummeted 36.33% to INR15.05 crore (£1.9m) in ...

  • News

    Aditya Birla Retail to expand presence in rural markets


    Aditya Birla Retail has announced that it will focus on expanding its presence in rural markets, according to its vice- president Sumit Chandna. Over 30% of the retailer’s supermarkets are in smaller towns where disposable income is high, hence future expansion will be centred on these locations, he noted.

  • News

    Reliance Footprint plans store expansion


    Reliance Footprint is planning to double its number of footwear stores in the next six months. The company’s chief executive Gopalakrishnan Sankar said: “We are present in 37 cities across 15 states and want to expand our business to Tier II cities in the coming years. The company has taken ...

  • News

    Indian government allows foreign direct investment


    The Indian government has agreed in principle to allow foreign direct investment in multibrand retail joint ventures with an investment cap of 51%. The country already allows foreign companies to invest up to 100% in wholesale operations and 51% in single-brand retail operations. The change in the policy came about ...

  • News

    Bharti Walmart embarks on first major investment


    Bharti Walmart , an equal joint venture between Bharti Enterprises and Walmart, is the first major investment made by the partners together.The partners have issued 120 million new shares from unissued share capital with a face value of INR10 (£130,000) each. Walmart will purchase 60 million shares for INR600m (£8.2m) ...

  • Manu Ghai, analyst, Planet Retail

    India paves way for more direct foreign investment


    A government panel recently approved a proposal to allow further foreign direct investment (FDI) into India’s retail sector, a move aimed at opening the country’s huge retail market to foreign retailers.

  • News

    Tata Group proposes to open Massimo Dutti stores in India


    Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India. The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar ...

  • News

    Indian government panel recommends easing restrictions


    An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour ...

  • News

    Trent holds plans to open Arcadia Group outlets


    Tata Group’s retail arm Trent has put on hold plans to open Arcadia Group outlets in the country to instead focus on Inditex-owned brand Zara. The company had entered into a franchisee agreement with Arcadia Group three years ago and was planning to open at least 15 stores for Arcadia’s ...

  • News

    Walmart considers entering Nepal


    Walmart is considering entering Nepal through a partnership with a Nepali department store operator. Walmart India executive RP Singh expressed interest in expanding into Nepal at a meeting with officials. She also discussed the legal issues of expanding into the country. “On behalf of Walmart, Singh showed keen interest ...

  • News

    Reliance Retail appoints two ex-Walmart executives


    Reliance Retail has appointed two ex-Walmart executives to run its operations in the country, according to local press. Reliance has named former Walmart China chief operating officer Rob Cissell as the chief executive, and former vice-president of store operations Shawn Gray as chief operating officer, said company officials. The ...

  • News

    Walmart to partner with "kirana"


    Walmart has indicated its willingness to partner with ‘kirana’ or traditional mom and pop stores in India

  • News

    Future Group plans new electronics retailing format launch


    Future Group is planning to launch a new electronics retailing format, which is a hybrid of e-Zone, its bricks-and-mortar electronics retailing arm, and its ecommerce portal

  • india_map.jpg

    India to welcome foreign supermarkets within months


    India is set to open its doors to foreign supermarkets within the next four months as it looks to welcome multi-brand grocers as majority partners for the first time.

  • Clarks international sales market

    Overseas helps Clarks profits to break £100m


    Clarks ’ group pre-tax profit has topped £100m for the first time in its 185 year history despite a “challenging” UK market.