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News
Retail News
Showing 1 - 15 News out of 6188
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Maharashtra govt imposes plastic ban
The Maharashtra government on Saturday enforced its state-wide ban on a wide range of single-use plastic items and thermocol, after giving 3 months notification period, and protests and court challenges. The offenders will be penalised with fines ranging from Rs 5,000 to Rs 25,000 will be imposed on those found with these items although viable and
June 25, 2018
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Flipkart aims to sell one exclusive
In order to establish itself as the country’s fashion capital, e-commerce major, Flipkart has decided to invest heavily in its fashion vertical this year. The homegrown player wants to ensure that one in every five fashion products they sell will be exclusive to them as they target customers from every segment to tap into the $100 billion overall fashion market in India. Rishi Vasudev who heads fashion at flipkart said,
June 25, 2018
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Jubilant FoodWorks appoints former
New Delhi: Jubilant FoodWorks Ltd (JFL), franchisee of Domino’s Pizza and Dunkin Donuts, has appointed Coca-Cola Rajneet Kohli as head, operations. Kohli was working as vice president for Coca-Cola west zone. “Kohli will be instrumental in driving the transformational journey of the brand, and play a key role in taking Domino’s growth to the next level,” Jubilant spokesperson said. At Coca-Cola, Kohli served
June 25, 2018
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India hikes import duty on 29 products
India has increased customs duty on 29 products, including pulses and iron and steel products, imported from the US as a retaliatory action against the tariff hike by US. The duty hike would come into effect immediately for other products, while for artemia, a kind of shrimp, the 15 per cent hike would be effective from August 4, the finance ministry said in a notification. The other products on which duties have been hiked
June 22, 2018
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McDonald's has replaced plastic with
New Delhi: Hardcastle Restaurants Private Limited (HRPL), the Master Franchisee for McDonald’s restaurants in West and South India, has transitioned from plastic to eco-friendly and biodegradable alternatives for items used for guest packaging. HRPL has worked with its suppliers over the past many months and implemented sustainable solutions which enhance customer experience. It has already moved away from plastic in Maharashtra and key
June 22, 2018
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Geo-tags, local language shopping-
New Delhi: After knocking on the doors of neighbourhood stores aka ‘kirana’ stores for stronger last mile connectivity, US tech giant Amazon is now turning to AI to take on Walmart-Flipkart in India. According to reports, Amazon will try and map the entire country and is using geo-tags in full-fledged way to fasten its delivery network, while it focuses on improving customer experience. Amazon, in its full-blown competition with
June 22, 2018
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DLF ties up with Uber once again for a
New Delhi: DLF Shopping Malls has once again collaborated with Uber to offer riders a hassle free and convenient commute experience across its portfolio including DLF Promenade, DLF Mall of India, DLF Place Saket and Cyber Hub. Enhancing the commuting experience, properties like DLF Place Saket and CyberHub will host Uber Experience zones which will be manned to facilitate booking Uber cabs for non –users, enabling them to enjoy a
June 22, 2018
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UP Cabinet clears Patanjali's Rs
New Delhi: The UP Cabinet today has cleared Rs 6,000-crore Patanjali mega food park in Noida. Earlier, a disappointed Acharya Balkrishna announced that Patanjali is shifting its mega food park out of Uttar Pradesh on the back of not getting necessary approvals from the state government. Once the news break, Chief Minister Yogi Adityanath himself intervened to solve the issue and ensured Patanjali's MD Acharya Balkrishna to clear the road
June 19, 2018
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RapidRetail's new store in Ujjain aims
New Delhi: India’s retail go-to market enabler RapidRetail has launched its maiden store in Ujjain. The store will dedicatedly provide Patanjali products and services to further strengthen the engagement quotient of arguably Indian retail market’s most powerful FMCG brand with its users in Ujjain. The megastore will have a dedicated Vaidya (medical service provider) who will treat patients free of cost and a Divya Pharmacy that
June 18, 2018
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Aditya Birla Fashion and Retail Ltd
Aditya Birla Fashion and Retail Ltd (ABFRL) brings American Eagle Outfitters (AEO) to India. Under this partnership, ABFRL intends to aggressively expand the reach of the brand in the next 3 years. It also plans to invest in retailing the AEO merchandise through the brands exclusive India website www.aeo.in India has the fastest growing youth market in the world with upwardly mobile consumers, who are driving demand for brands
June 18, 2018
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Reliance Brands in talks to buy Genesis
New Delhi: Reliance Retail owned Reliance Brands is in advance talks to buy Genesis Luxury, a group company of private equity fund Sequoia Capital-backed Genesis Colors, for an estimated Rs 450 crore, as per a media report today. Reliance Retail last year in September had bought private equity fund L Catterton Asia’s 40% stake in Genesis Luxury. So the company will now buy the remaining stake from the PE funds and owner Sanjay
June 18, 2018
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Gini & Jony partners with NucleusVision
New Delhi: Leading children wear brand Gini & Jony has partnered with NucleusVision to use the latter’s Internet of Things (IoT) and Blockchain (BC) based customer identification platform – NucleusION or ION. ION allows brick-n-mortar retailers to identify any customer who walks into a store, in real-time, using Nucleus’ proprietary (patent pending) sensor technology. ION sensors do not depend on any RFID, WiFi or
June 15, 2018
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Report says online platforms capture 38%
NEW DELHI: According to Counterpoint Research's "Market Monitor" service report, online retail channels has captured a record 38% share of the total smartphone sale in India in the first quarter of 2018. The report said Flipkart continued its dominance in the online smartphone market with 54 per cent share, with Amazon at second place with 30 per cent followed by Mi.com with 14 per cent market share. Xiaomi led online platforms
June 15, 2018
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Samsung eyes 10% more of Indian TV
New Delhi: Leading consumer electronic brand Samsung today said it expects a 10% increase in its local market share by the September-October festival season. The company is primarily aiming to do this through harnessing demand for premium and larger sets and through its geographic expansion. “Samsung has an expanded product portfolio and technology (that would be) difficult for competition to emulate, and an unparalleled service
June 15, 2018
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Snapdeal's Jason Kothari quits to join
NEW DELHI: Jason Kothari, Chief Investment and Strategy Officer at Snapdeal.com has quit the company to join Ahmedabad-headquartered Infibeam. He joined Snapdeal in January, 2017 and before Snapdeal, he was earlier with real estate portal Housing. Kothari will join Infibeam as its President, leading the strategy, corporate development, international operations and investor relations functions. “Jason joins us with a history
June 15, 2018
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