The world's largest online retailer on Wednesday announced Amazon Key, a lock and camera system that users control remotely to let delivery associates slip goods into their houses. Customers can create temporary passcodes for friends and other services professionals to enter as well.
The old private sector lender, which reported a deterioration in its asset quality in the second quarter, will look at pulling itself up in the next two years as it aims to raise Rs 800 crore this year.
While the deal value, prima facie, looks muted, Shoppers Stop gets rid of a pain point. An expansion in Future Retail's store count and retail space will enable it to position its offerings in a premium format, thereby paving the way for a speedier turnaround of beleaguered Hypercity.
Amazon's 'Global Selling Program' was launched in India in 2015. It offers global access for Indian sellers including entrepreneurs and large brands to sell their products to consumers across markets.
Shoppers Stop and Amazon appear to have taken the correct step by integrating the advantages of physical and digital platforms, with neither dictating the way the other operates.
The Navi Mumbai store, on which construction had started in May this year, was earlier expected to open in January 2019 with an investment of around Rs 1,000 crore.
With this expansion, Amazon now has 350 Service Partner nodes across 320 cities, a 40 per cent increase from 250 Service Partner nodes that were set up for Diwali last year, it said.
Consumer prices were forecast up at 3.20 percent in August from a year ago, jumping from July's 2.36 percent, according to the poll taken September 5-8 of nearly 40 economists.
Lack of interoperability, inadequate smartphone penetration pan-India, and unviability/unwillingness of use for most merchants and consumers are the primary causes for subdued growth of e-wallets in the country.
Online and offline stores will continue to hold their own despite the growing competitiveness between them in India's changing retail climate.
The proposed residential project 'Sports Village' will be launched during Diwali this year and will be completed in four years. The 62-acre project will be developed in Sector 27 of Greater Noida (west), known as Noida Extension.
Paytm Mall has also introduced a retailer inclusion programme, under which the company will invest USD 5 million and has set up a dedicated team of 500 personnel to address the unique needs of these retailers, he said.
Dilip Asbe will be the CEO-in-charge till a new incumbent assumes charge. Hota was the first MD & CEO of NPCI since August 23, 2010.
"In India, online sales contribution is 8 per cent whereas on a global scale, approximately 9 per cent is the online sales contribution. It is expected to grow to 25 per cent in the next five years with the help of eBags, an e- retail platform specialising in luggage. We intend to launch eBags in India in 2018," Samsonite President, Asia Pacific, Subrata Dutta told PTI.
The company wants to take advantage of the liberalised policies that allow foreign single-brand retailers to sell through their own stores as well as franchisee outlets.
Industrial output growth stood at 1.7 per cent in May. Before the implementation of Goods and Services Tax (GST), destocking was triggered largely owing to a steep fall in demand from consumers as they delayed purchases on expectation of getting better price post the new indirect tax regime, the report said.
The consumer price index likely rose 1.87 percent last month, after dipping to an historic low of 1.54 percent in June, according to the median forecast of nearly 30 economists.
According to the report, the retail and consumer goods industries will change more in the next 10 years than they have over the past 40.
The facility would give retail investors an avenue to participate in the government securities market, the BSE said in a statement.
GST regularisation and festive season sales pick-up will lead to a marked and appreciable recovery in India's consumer discretionary space in the second half of FY18 as opposed to a comparatively weaker first half.
Retail tomato prices have gone through the roof for more than a month now in most parts of the country and are still ruling high up to 100 per kg, as per the data maintained by the consumer affairs ministry.
The company had posted a net loss of Rs 44.55 crore during the same period of the previous fiscal, NDTV said in a BSE filing today.
According to the Japanese financial services major, although inflation has bottomed, in the medium term it is expected to see a significant uptrend and rise above the RBI's target.
FMR LLC and FIL Ltd and their subsidiaries, which had 5.40 per cent stake earlier, brought down its shareholding in the company to 2.97 per cent by selling shares on July 20, V- Mart said in a filing to BSE.
Valuations seem stretched, but lower-than-expected growth momentum in future could give investors some room to identify price corrections before clicking the ‘Buy’ button.