Government is considering to increase FDI ceiling for single brand retail. “We are seriously considering to raise the bar further – that means to allow increased FDI….how much it is, only when we take the decision you will get to know,” commerce and industry minister Anand Sharma said.
The government’s announcement today that it is “seriously considering” relaxation of the cap on FDI in single brand retail met with an encouraging response from global luxury brands, including...
For those who thought luxury is the preserve of the rich in big cities, here’s one statistic that will startle. One out of every four luxury stores in India...
The Indian luxury apparel market is starting to take off and major international brands are preparing to exploit the opportunities, a New Delhi conference was told this week. But...
Indians could soon be sipping cups of coffee and chatting at Starbucks outlets, as the U.S. chain sets out to perk up global sales by making a long-awaited entry...
American coffee retail giant Starbucks is lobbying hard with lawmakers and government officials in the US to facilitate its entry into the highly lucrative Indian market.
Salvatore Ferragamo Italia SpA, the Italian luxury shoemaker that went public in June, plans to add stores in India as demand for luxury products in the world’s second-fastest growing...
Bharti Walmart Private Limited, the joint venture between Bharti Enterprises and Walmart, is expanding its presence in Maharashtra. Bharti Retail will soon be opening its first ‘Easy Day’ format...
Leading network and IT solutions provider NEC India unveiled a range of latest retail solutions, including the innovative compact POS terminal with self check-in system, thermal printer and customised...
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) secretary general DS Rawat has said that the market size of ecommerce industry is expected to be Rs 46,520...