Retail Business

This was in response to reports of differences surfacing between Kumar and the retail banking team. Kumar also reiterated that the restructuring of senior management that recently happened was done keeping in mind the 5-year plan for the bank.

RBI curbs on Kotak Mahindra Bank to hurt retail business, stock may fall up to 5%, says expert

RBI barred Kotak Mahindra Bank from onboarding clients through digital channels due to supervisory concerns over their technology platforms.

RIL: Strong earnings growth led by consumer-facing businesses

Higher production in oil and gas, strong subscriber addition and higher ARPU in Jio Platforms and robust revenue growth and cost management in retail underlined RIL’s performance in Q2 FY24

Liquor traders urge Delhi govt to allow private players in retail business

The Delhi Liquor Traders Association (DLTA) has also recommended that the new excise policy should bring down the legal drinking age from 25 at present to 21 years.

Amazon Freezes Corporate Hiring in Its Retail Business

The announcement, in an email to recruiters, said the company was halting global hiring for all corporate roles, including technology positions, in its stores business, which covers Amazon’s physical and online retail business and its logistics operations

Retail businesses continue to report healthy growth over pre-pandemic levels: RAI

As per the latest business survey by Retailers Association of India (RAI), the East India region saw the highest year-on-year growth of 25 per cent last month, followed by the south at 21 per cent, north at 16 per cent and west at 10 per cent.

Ideas For Profit | Trent

At CMP, Trent is trading at 32x FY23 EV/EBIDTA projections. Valuations are expensive but strong growth prospects would continue to drive re-rating. Investors should add the stock in the portfolio. Here’s why.

Phygital-meets-retail in post-COVID world as luxury retailers struggle to redefine experience

Dealing with fragmented opening of cities and random shutdowns, retail stores and malls are struggling to draw in footfalls, motivating retailers and owners to evolve solutions such as personal shoppers and curbside pickups.

Unlock 1.0: Local stores show faster sales recovery than organised retail: Report

Digital payments player Innoviti says segments such as fashion, apparel and jewellery are still running short of January transaction numbers.

Amazon, Samara Capital seek CCI approval to acquire Aditya Birla’s supermarket chain More

More is the fourth-largest supermarket chain in India, following Reliance Retail, Future Group and D-Mart

Heritage Foods in talks with Future Group to sell its retail biz

Heritage Foods is in discussions with Future Group for a possible sale of its retail business, reports CNBC-TV18. While Heritage has confirmed they are in talks with Future for a possible business collaboration, it has said all discussions are currently exploratory in nature.

Retail biz should fare well in Q4; eye strong FY16: TCS

Speaking exclusively to CNBC-TV18‘s Menaka Doshi, N Chandrasekaran, managing director and chief executive officer, Tata Consultancy Services says the company faced a number of headwinds in the form of working days and furloughs in Q3.

Arvind aims Rs 1,500cr biz from retail next yr

Textile major Arvind Ltd is eyeing Rs 1,400-1,500 crore in revenue from its retail business by next financial year, a top company official said on Friday.

Syndicate Bank eyes 6% higher growth in FY13 retail credit

Syndicate Bank does not count among the market‘s favoured bets in the banking sectors at the moment. In the last one year, the bank‘s shares tanked 21%, compared to a 14% decline in the benchmark Bankex. Declining profits and lack of a clear growth plan were the key factors for the underperformance.

Citi to boost India card, personal loan businesses

Citigroup Inc expects to increase the number credit card customers it has in India by more than 20% a year over the next two to three years as it looks to boost its unsecured business portfolio in the country.

Karnataka Bank eyes retail as corporate demand wanes

Private-sector lender Karnataka Bank is focusing more on its retail business to fuel growth in 2011/12 as high interest rates may hit corporate demand for loans, its managing director told Reuters.

More rate hikes can hurt Bajaj Finserv's margins in H2FY12

Bajaj Finserv has reported a strong quarter with income surging to Rs 1300 crore. Sanjiv Bajaj, MD, tells CNBC-TV18 that the company can maintain its margins in the next 2 quarters, but a further hike in interest rate could play spoilsport ahead.

Few telecom wrinkles still pending: Aditya Birla Grp

In a CNBC-TV18 exclusive, the chairman of the Aditya Birla Group, Kumar Mangalam Birla reiterated the group’s commitment to telecom. He said its retail strategy was being reworked and that it was looking forward to a foray into the banking space.

The ICICI story: Grooming born leaders from within the bank

KV Kamath, Chairman, ICICI Bank, Chanda Kochhar, MD & CEO, ICICI Bank and K Ramkumar, Executive Director, ICICI Bank, in an exclusive interview with CNBC-TV18’s Senthil Chengalvarayan, talk about how the leadership role at ICICI has evolved over the years.