The war is on between Reliance’s A-DAG group and Pantaloon over ‘Big Bazaar’ name. Reliance has been granted the trademark to use ‘“Reliance Big Bazar” trademark for some of its businesses (clothing, footwear, headgear, games and toys.) While the legal team fight it out (as per legal experts – having failed to oppose R-Adag’s applications...
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Recession is hitting the retail industry quite badly and Shubiksha has announced that it has closed 90 stores in the last 1 month. “We were paying huge rentals
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Small retailers are losing out to the larger retail outlets (Reliance, More, Subhiksha etc) and TN govt. is working on an interesting project in the city of Madurai. The Tamil Nadu Chamber of Commerce and Industry (TCCI) is working with 500 small retailers to build a loosely coupled chain that will: Display common interiors and colors. Have...
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Ajim Premji has bought 10% stake in Subhiksha for Rs. 230 crores. Subhiksha was planning an IPO to raise Rs. 350 crores earlier, but given the current market situation decided to raise money from investors (wondering why Premji and not PE investors?) ICICI Venture earlier invested in Subhiksha (reportedly, they own 24%...
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Subhiksha, the retail chain outlet’s license in Maharashtra has been suspended over hygienic issues in it’s warehouse. While Subhiksha will appeal to the Maharashtra High court and has blamed the rivals for manipulating the case: As everyone is aware we follow a Lowest price strategy and offer 10% discount on all medicines and have been subject...
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20 Indian cities account for 10% of India’s population, but generates 31% of disposable income! A study by Roopa Purushothaman and Rajesh Shukla (co-authored Goldman Sachs’ famous BRIC report) has conducted a study (on behalf of Kishore Biyani’s Future Capital Research and National Council of Applied Economic Research’s (NCAER)) The authors have identified 20 key cities...
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Future group is foraying into self-publishing vertical and apart from enabling authors to publish their books, Depot (Future Group’s book, music and stationery retail arm) will also sell these books in their retail stores across the country. Writers, most of the times, are clueless as to what to do about their works. Our self-publishing initiative...
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Reliance has decided to shut down it’s petrol pumps stations over denial of subsidy on par with public sector retail companies ‘Reliance plans to shut two-third of its 1,400 petrol pumps in the country by next month as it is unable to match the fuel price offered by public sector oil retailers,...
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Kishore Biyani is a model businessman at least for me. He is sowing seeds into a lot of interesting businesses and when the time comes, he would reap rich rewards. He is displaying the true spirits of entrepreneurship. In the process of building his companies, he is helping his customers realize his dreams. His...
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Here is the weekly recap of events in India business circle. Mobifusion brings Bhagwad Gita to your mobile HomeShop18 launches e-commerce portal : TV18 group has launched an e-commerce portal www.homeshop18.com Rediff’s iShare partners with anEcho for promoting amateur bands/musicians Zoho launches...
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Here is presenting a summary of great insights (and facts) being presented at the India Retail forum (which was held in Mumbai from Sep 4th-6th, 2007) India has a per capita income of US$900 and, despite this fact, 25 per cent of the people in the country earn less than $1...
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The retail story in India has just started. While Big Bazaars and Food Worlds are expanding in tier-II cities, biggies like Wal Mart are entering the Indian retail market with a big bang. AT Kearney’s GRDI (Global Retail Development Index) ranks India the #1 spot for retail investments (India scored 92/100, while Russia...
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