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
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
Promising as the Indian ecommerce market seems, it would be challenging for Rakuten or any other newcomer to establish itself in the space.
Under consolidation plan, Reliance Super and Reliance Mart will be brought under one brand—Reliance Smart
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
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.
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
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
The Congress leader took pot-shots at Prime Minister Narendra Modi’s “Make In India” scheme, saying it would benefit only “a few big industrialists” a..
Source: Jewellery excise will crush small traders: Rahul | ET Retail