62% of the companies surveyed do not have a formal policy statement forbidding bribes to secure business contracts, while 91% do not have anti-corruption training for employees and Indian companies are the least likely to have whistle-blowing mechanisms.
Kishore Biyani remained unfazed by the challenging times. He is in fact confident that the business will grow more than two-fold by March 2014.
The sales service offered while choosing a luxury car can be deal sealer or breaker. But a recent study by JD Power Asia Pacific, a unit of financial data company McGraw Hill, shows that luxury car makers are not doing much to differentiate their sales service in India from that by mass car makers.
The listing price of FLF, which was created in November 2012 from the demerger of the lifestyle businesses of Future Retail and Future Ventures, will be based on market discovery.
Footwear companies in the country are aiming to expand its presence in the country. They are knocking the doors of PE investors for the same, reports CNBC-TV18's Farah Bookwala.
The raised funds will be used primarily for new product development. The process is in early stages and valuations are being worked on. No fund houses have been approached as yet.
Kishore Biyani is raising the shutters of a new service that he hopes will be the future of retailing in India. "Big Bazaar Direct" is a first of it's kind, direct-selling model by a large retailer in India that will allow customers to shop by ticking deals off a catalogue.