Anti-profiteering clause and input tax credit could cause a few teething problems, say experts
The Assocham-Thought Arbitrage Research Institute Paper noted that the country's information technology and IT-enabled services sector may add at best one million jobs in the next five years.
While the tax on branded apparels (textiles) is not known, a revenue neutral rate for apparel industry would be 12-15 per cent, the report by CARE Ratings said.
In comparison, 59 lakh folios were added in the preceding fiscal. In the last two years, investor accounts have increased following robust contribution from smaller towns.
Net Sales are expected to decrease by 22.4 percent Q-o-Q (up 23.3 percent Y-o-Y) to Rs 3004.4 crore, according to Motilal Oswal. Titan Company to report net profit at 171.7 crore down 33% quarter-on-quarter.
Net Sales are expected to increase by 1.6 percent Q-o-Q (up 8.3 percent Y-o-Y) to Rs 669.3 crore, according to Motilal Oswal. Jubilant Foodworks to report net profit at 20.6 crore up 3.1% quarter-on-quarter.
Bangalore-based Flipkart has been valued at a whopping $11.6 billion or nearly Rs 74,800 crore – more than the market capitalisation of all the listed retail companies on the NSE
KDDL is buzzing in trade today as the company signs pact with NOMOS Glashutte and Oris to retail their watches in India.
'DigiLocker', an initiative of the Ministry of Electronics & Information Technology (MeitY), is a repository platform for issuance, verification and storage of digital certificates and documents on cloud.
The move will help reduce the government's fertiliser subsidy bill by up to 20 per cent through plugging diversion and leakages.
Gold demand in India rose this week due to a festival and as local prices adjusted to an appreciating rupee, while higher prices kept a check on demand elsewhere in Asia.
"Despite the rise of e-commerce, the physical stores still draw a significant shopping crowd. In fact, 91 per cent of all retail sales are still being generated in brick-and-mortar stores," the study released by Zebra Technology said today.
According to Charles Gerba, microbiologist at the University of Arizona in the US there are many avenues through which microbes are piggybacking on produce without the buyer knowing it.
The company will sell its own brand of products sourced from hundreds of vendors across the country and overseas. The venture will not be an aggregator like Flipkart, Amazon or Snapdeal.
The IPO of Avenue Supermarts, which runs the D-Mart supermarket chain, is likely to see significant oversubscription. However, if the so-called GMP (grey market premium) is any indicator, the blockbuster listing might ensure healthy gains for HNIs if the oversubscription doesn‘t cross historic highs.
The month's performance has been driven by strong sales of the Jaguar F-PACE, the XE, the Land Rover Discovery Sport, the Range Rover and the Evoque, with sales of the all-new Land Rover Discovery now also under way, the company said in a statement.
An indication to this effect was given by Union Food Processing Minister Harsimrat Kaur Badal after her meeting with ministers from different states to chalk out plans for the 3-day event starting November 3.
With the government likely to ease FDI rules for several sectors including multi-brand retail, Vivek Gupta, Partner at BMR Advisors, said that any reform should be comprehensive rather than incremental.
The global brokerage firm believes that the flows could drive markets up in the near-term but has retained the year end Nifty target at 8,800.
Food processing minister Harsimrat Kaur Badal tells Moneycontrol that the government will shortly take a decision on allowing limited sale of home and personal care products (HPC) in global food retail outlets
The company, at present, has 123 retail touch points -- which include exclusive stores, shop in shops in large multi-brand outlets and kiosks -- in India.
The government today raised over Rs 1,600 crore from its 5 per cent stake sale in Bharat Electronics Ltd (BEL) after retail investors bid more than 3.6 times the shares offered to them.
Taiwanese smartphone maker HTC today said it will beef up its portfolio in the Rs 10,000- 25,000 category and move out of the "hyper-competitive" sub-Rs 10,000 segment.
The announcement was part of late AIADMK supremo J Jayalalithaa's promise to usher in prohibition in the state in a phased manner, Palaniswami said in his first formal press conference since his elevation as Chief Minister last week.
"Do not treat digital as an 'add-on'. It should be central to the CEO's agenda," the joint report on 'Decoding digital opportunity in Retail' by Retailers Association of India and Boston Consulting Group said.