DLF promoters to sell 40% stake in rental arm for Rs 12,000-14,000 crore | Latest News & Updates at Daily News & Analysis
The real estate firm will continue to own remaining 60% stake in its rental arm DLF Cyber City Developers Ltd (DCCDL).
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Mi stores: Xiaomi seeks exemption from local sourcing norms in India – Times of India
Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30% local sourcing norms for opening single brand retail stores in India.
Source: Mi stores: Xiaomi seeks exemption from local sourcing norms in India – Times of India
Flipkart logistics arm Ekart bets big on offline clients, bags Madura Fashion – The Economic Times
Ekart has started winning clients among brick-and-mortar brands as it aims to become an independent logistics powerhouse.
Source: Flipkart logistics arm Ekart bets big on offline clients, bags Madura Fashion – The Economic Times
Japan’s Rakuten opens office in Bengaluru; poaches mid-level managers from Flipkart, Amazon – The Economic Times
Promising as the Indian ecommerce market seems, it would be challenging for Rakuten or any other newcomer to establish itself in the space.
Reliance Retail looks to reinvent itself – Livemint
Under consolidation plan, Reliance Super and Reliance Mart will be brought under one brand—Reliance Smart
UAE-based Lulu Group to invest Rs. 5,000 crore in India by 2020
The company has decided to build mega shopping complexes in Chennai, Thiruvananthpuram, Bengaluru and Hyderabad.
Source: UAE-based Lulu Group to invest Rs. 5,000 crore in India by 2020
Alibaba surges ahead of Walmart as world’s largest retailer | Latest News & Gossip on Popular Trends at India.com
In 2014-15, Walmart had an overturn of $485 billion. But the figures have dropped significantly this year, providing Jack Ma to assert his dominance.
Modern packaging essential for brands: Suresh Gupta, Huhtamaki PPL – The Economic Times
In a chat with ET Now, Suresh Gupta, Chairman, Huhtamaki PPL, emphasises on the need of modern and innovative packaging.
Source: Modern packaging essential for brands: Suresh Gupta, Huhtamaki PPL – The Economic Times
Smokers stock up, vendors cash in as cigarette firms halt production – Livemint
Some retailers have already started asking for a 10-15% premium depending on the level of their stock
Source: Smokers stock up, vendors cash in as cigarette firms halt production – Livemint