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Whirlpool plans to acquire 49% in Elica PB

The transaction is expected to close in the second half of 2018, as per a media release. The parent companies of both the Indian entities will be filing for regulatory

June 04, 2018  |  comments ( 0 )  | 

Walmart India, Flipkart top executives meet CCI

The meeting convened after the Walmart's approach to CCI for the approval of its proposed acquisition of a majority stake in e-commerce major Flipkart.

May 24, 2018  |  comments ( 0 )  | 

Trek Bicycle to strengthen Retail Presence In North India

Currently Trek has more than 26,000 consumers across India, recently launched its 100% subsidiary operations. Known as one of the most technologically advanced bicycling

May 19, 2018  |  comments ( 0 )  | 

Foxconn unit writes off another $40 million in Snapdeal investment

The latest write down comes about nine months after the Hong Kong-listed unit of the Apple iPhone manufacturer announced that it had undertaken an impairment loss of $160

May 15, 2018  |  comments ( 0 )  | 

Post-Flipkart Deal Walmart Plans 50 new India Outlets in 4-5 yrs

For the cash-and-carry business, Walmart currently operates in 9 states and 19 cities and the future expansion is focused on more or less the same geographies.

May 10, 2018  |  comments ( 0 )  | 

Japanese apparel brand UNIQLO Plans Indian Entry In Fall 2019

The first UNIQLO store will be located in Delhi, and the company will focus on expanding its presence in the capital region before considering other areas.

May 09, 2018  |  comments ( 0 )  | 

Tata Coffee net profit falls 62% to 22 cr in Jan-Mar

Tata Coffee is Asia's largest integrated coffee company, the second largest exporter of instant coffee, and major producer of specialty coffee in India.

May 08, 2018  |  comments ( 0 )  | 

Snapdeal To Sell Unicommerce' Biz to Infibeam In Rs 120 Cr deal

Both the companies kept the deal a top secret and will hold a board meeting to get the deal approval, as per the sources.

May 07, 2018  |  comments ( 0 )  | 

Chinese smartphone maker Comio to invest Rs 500 crore in India

Launched in China in 2015, Comio is a smartphone subsidiary of Topwise Communications. The company started their operations in India from May 2017 and launched its

April 26, 2018  |  comments ( 0 )  | 

ASICS Prepares To Comply With FDI Norms To Launch Single Brand retail

As per reports, ASICS India currently sources about 10-12 percent of its total products sold from India.

April 10, 2018  |  comments ( 0 )  | 

American bicycle brand Trek Bicycle Enters Indian Market With 34 New Bicycle Models

The bikes in India will be available in the ranges of Rs 26,000 and Rs 3.60 lakhs.

March 16, 2018  |  comments ( 0 )  | 

LOTS Wholesale Solutions Announces 250 cr Investment At UP Investors Summit 2018

LOTS Wholesale Solutions expects to generate 1500-2000 direct and indirect employment within the state of UP through their stores.

February 22, 2018  |  comments ( 0 )  | 

Jabong's revenue slows in FY17 to Rs 757 crore

After acquiring Jabong for $70 million in a distress sale in 2016 from Rocket Internet, Flipkart group has been attempting a turnaround of the Gurgaon-based online

February 06, 2018  |  comments ( 0 )  | 

Star Shopping and Future Group’s retail infra unit to unite

The company is subsidiary of Future Market Networks and is engaged in development and management of shopping centres and malls.

January 31, 2018  |  comments ( 0 )  | 

Japan's Rakuten to acquire Asahi Fire for 45 billion yen

Rakuten said it would launch a tender offer and pay 2664 yen per share of Asahi Fire.

January 30, 2018  |  comments ( 0 )  |