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Samara-Amazon acquires Kumar Mangalam Birla's More retail chain

Samara acquired majority 51% in Kumar Mangalam Birla’s ABRL while Amazon's investment arm, Amazon.com NV Investment Holdings LLC, the balance 49%.

September 20, 2018  |  comments ( 0 )  | 

Reliance Retail buys 16.31% in Genesis Colors

The aggregate equity shareholding of RRVL and RBL in GCL stands at 65.77 per cent.

September 10, 2018  |  comments ( 0 )  | 

Godrej launches Script!

The store in Delhi features 120+ furniture SKU and 350+ home accessories SKUs suiting diverse aesthetic needs of consumers

September 07, 2018  |  comments ( 0 )  | 

Chennai-based Chai Kings gets Rs 2 crore funds

With the vision to be the favourite chai place, Chai Kings is expanding rapidly in Chennai with the target of 100 stores in 5 years.

August 31, 2018  |  comments ( 0 )  | 

Government e-Marketplace targets Rs 40,000cr GMV in FY19

GMV is the sale price charged to the customer multiplied by the number of items sold.

August 30, 2018  |  comments ( 0 )  | 

Grofers eyes over Rs 2,500-cr revenue in FY19

Presently, the company has a monthly revenue run rate of about Rs 150 crore (translating into Rs 1,800 crore for the year).

August 27, 2018  |  comments ( 0 )  | 

Pierre Cardin plans 5 bag stores in India

Mumbai based Brandzstorm which has recently included Kenneth Cole’s by replacing Reliance Retail has signed a licensed agreement with fashion and lifestyle brand Pierre

August 23, 2018  |  comments ( 0 )  | 

V-Mart plans to expand the offline footprint

The company is presently operating around 182 stores. In FY2017-18, V-Mart Retail had revenue of Rs 1,222.37 crore.

August 23, 2018  |  comments ( 0 )  | 

PC Jeweller reduce bank liabilities by 10% in Q1 FY19

The company also informed that it has reduced bank liabilities from internal accruals and better realisations from the inventory.

August 22, 2018  |  comments ( 0 )  | 

Flipkart blacklists several sellers selling sub standard bedsheets

The company has taken this step ahead of its Big Billion Day Sale.

August 21, 2018  |  comments ( 0 )  | 

Paytm launches its own AI cloud for India

The company plans to invest Rs 250 crore in this business.

August 21, 2018  |  comments ( 0 )  | 

Amazon may pick up stake in hypermarket chain More

In the month of June this year Aditya Birla Retail (ABRL) has signed an agreement with private equity fund Samara Capital to sell its food and grocery retail chain

August 20, 2018  |  comments ( 0 )  | 

Mitashi mulling doubling sales to Rs 1,000 crore in 3 yrs

Homegrown consumer durables firm Mitashi aims to double its turnover to Rs 1,000 crore over next three years as the part of growth strategy.

August 20, 2018  |  comments ( 0 )  | 

Lifestyle plans to open 20 new outlets

Fashion retailer Lifestyle plans to ramp up its offline presence in the country with overall investment of Rs 200 crore.

August 20, 2018  |  comments ( 0 )  | 

Amway may bring its herbal range to overseas market

In order to tap growing demand for herbal products in the international market, direct selling company Amway has announced its exclusive plans to take indigenously

August 18, 2018  |  comments ( 0 )  |