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Retailers seek official industry status

Last Updated: Monday, July 07, 2014, 15:28

Ahead of the Budget, retailers have asked the government to grant industry status to the sector which is estimated to attain a size of 47 trillion by 2017.

Oil refiners gain as Brent slips below $114

Last Updated: Tuesday, June 24, 2014, 15:07

India's oil retailers surge after Brent crude falls below $114 a barrel on Tuesday, as data showing near-record high oil exports from Iraq indicated supplies remained unaffected by the escalating violence at OPEC's No. 2 producer.

Top food retailers accumulate Rs 13,000 cr loss in FY14: Crisil

Last Updated: Wednesday, May 28, 2014, 19:35

Crisil said retailers are re-working on their operating model to cut down on losses.

As Amazon looms, Flipkart and Snapdeal strike $400 million in deals

Last Updated: Thursday, May 22, 2014, 06:05

With Inc ramping up its presence in India, two local online retailers are preparing for tougher competition with separate deals worth a combined USD 400 million set to be finalised this week.

WalMmart earnings suffer post-winter chill

Last Updated: Thursday, May 15, 2014, 18:19

Walmart Stores on Thursday reported lower earnings that missed expectations as sales at flagship US stores edged lower due to cold winter weather.

Ind-Ra assigns stable outlook for jewellery exporters for FY15

Last Updated: Sunday, May 11, 2014, 13:52

India Ratings and Research (Ind-Ra) has maintained a stable outlook on gems and jewellery exporters for FY 2015, while revising it on domestic retailers to stable from negative.

Carrefour looking to exit India wholesale operations: Media reports

Last Updated: Saturday, May 03, 2014, 12:57

The company has seen senior-level exits from its India business recently and some employees may be asked to leave over the next few weeks, the newspaper said, citing unnamed sources.

Social media driving more traffic to retail sites

Last Updated: Monday, April 07, 2014, 21:33

Retail websites these days are benefiting a lot from social media websites as they play a huge role in increasing the traffic to the site. Social media is a highly valuable tool for retailers and their businesses when it comes to customer reach, marketing and brand control.

Flipkart sales run rate hits $1 billion

Last Updated: Sunday, March 09, 2014, 13:32

The company was aiming to reach the billion dollar-mark (for gross merchandize value or GMV) by 2015.

Wal-Mart boosts fight for customers after poor quarter

Last Updated: Saturday, February 22, 2014, 00:13

Wal-Mart Stores said it was ramping up spending to compete with online retailers and other discounters after US sales took a hit during the holiday sales season.

Govt orders CNG retailers to provide cost-break up

Last Updated: Wednesday, February 19, 2014, 16:11

In a significant development, Oil Minister M Veerappa Moily has ordered CNG retailers to provide break-up of fuel price to consumers to ensure that they passed on the benefit of cheaper domestic gas to users.

Fin Min gives Rs 10,000 cr as subsidy to fuel retailers for Q3

Last Updated: Tuesday, February 11, 2014, 23:42

IOC will get Rs 5,172.87 crore while Bharat Petroleum Corp Ltd (BPCL) will get Rs 2,499.39 crore.