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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 )  | 

Army Canteen stores record profit

A year ago, it had earned a net profit of Rs 280 crore on sales of Rs 17,000 crore.

August 16, 2018  |  comments ( 0 )  | 

Future Consumer Limited signs a strategic partnership with MaxWholesale

Future Consumer Limited has inked a partnership with MaxWholesale to bring its products to the neighbourhood grocery stores in Delhi NCR

August 14, 2018  |  comments ( 0 )  | 

B2B startup ShopX bags $35 mn fund from Fung Strategic Holdings

Nandan Nilekani, leading entrepreneur and investor, backed ShopX from its early days with a personal investment of more than US$18 million in addition to providing

August 07, 2018  |  comments ( 0 )  | 

Myntra buys omnichannel platform Pretr

With this deal, Myntra has prepared itself to forge omnichannel partnerships with brands on its platform and provide a comprehensive solution to retailers to enhance

August 01, 2018  |  comments ( 0 )  | 

Govt wants top brands to create fund for recycling plastic

An environment ministry official said such industries will have to deposit 25 paise/pack in an escrow account before releasing the packed stock in the market.

July 30, 2018  |  comments ( 0 )  | 

E-com players get 3 months extension on plastic use

However, these companies have to come up with a buyback plan to collect used plastic packaging material, ensure its recycling and disposal as well as source alternative

July 04, 2018  |  comments ( 0 )  | 

Kurl-on launches sofa collection under Home Komfort

Kurl-on has 31 exclusive company owned Home Komfort brand outlets, 850 franchise retailers, 7,000+ dealers, 72 branch and stock points.

July 04, 2018  |  comments ( 0 )  | 

Retailers Carrefour and Tesco join forces in a strategic alliance

The alliance, which will be formally agreed in the next two months, will exclude fresh food products, while each company will continue to work with supplier partners at a

July 02, 2018  |  comments ( 0 )  | 

Reliance Retail may enter fashion wholesale biz

The new venture will fully focus on the growing fashion market in India, especially in small cities and towns. Reliance Retail having already consolidated its position in

June 29, 2018  |  comments ( 0 )  | 

Amazon to acquire online pharmacy PillPack

Privately-held PillPack provided online medication to the patients who take multiple daily prescriptions and delivers orders in pre-sorted dose packaging and coordinates

June 29, 2018  |  comments ( 0 )  | 

Maharashtra govt exempts retail packaging from plastic ban ambit

Environment minister Ramdas Kadam stated that the decision was taken by an empowered committee on Wednesday that retail packaging of not less than 250gm will be allowed

June 28, 2018  |  comments ( 0 )  | 

Gini & Jony partners with NucleusVision

For the last few months, Gini & Jony had been running a PoC of the ION at some select outlets and after successful trails, have now made the partnership official.

June 15, 2018  |  comments ( 0 )  | 

Harsimrat Kaur Badal asks ministry to relax restrictions over Amazon's food plans

Despite having state of the art resources Amazon has not been able to utilize them for food retailing venture due to policy hurdles.

June 14, 2018  |  comments ( 0 )  | 

PremjiInvest invests Rs 1,700 cr on Future Retail, buys 6%

The largest in brick-and-mortar retail appeared in the Wednesday reports of a financial daily. After the transaction, Sunil Mittal-led Bharti will still own 3% in the

June 08, 2018  |  comments ( 0 )  |