Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
Debt-laden civil contractor Gammon India has accepted the proposal from Thailand-based GP Group to sell a controlling stake in Gammon’s engineering, procurement and construction (EPC) business for R250 crore. In a filing to BSE, the company said that the…
Norway-based Telenor has confirmed it may exit the Indian market if the operator is unable to procure spectrum at affordable rates, as operating losses from Telenor India mount. Announcing its financial results, Telenor group CEO Sigve Brekke said the…
India’s telecoms ministry will mandate that all mobile phones sold in the country from 2017 must include a ‘panic button’ providing easy access to emergency services. As part of the new norms phones sold from 2018 will also have to include GPS navigation…
Singapore’s DBS Bank has launched what it says is India’s first mobile-only bank. Dubbed digibank, the mobile app functions as an entirely paperless, signatureless and branchless bank for India’s residents. The initiative aims to break away from conventional…
Gold demand in India improved this week as jewellery retailers reopened stores after a strike, but the world’s second biggest bullion market remained at a discount to the global benchmark as purchases across the region were curbed by higher prices. Indian…
Food retailer Spar Asia had “significant” developments during its latest financial year. In a partnership with Ramayana, the Amsterdam-based group opened 15 stores in Indonesia in nine months, had rapid growth in India after re-entering the market in 2014,…
Muji India is about to become the first Japanese retailer to open stores in the nation. One is planned for Mumbai, the commercial capital, and another in Bangalore, the hub of the IT industry. This follows the forming of a joint venture by Muji owner Ryohin…
Rocket Internet is selling its Zalora Thailand and Vietnam eCommerce fashion sites. This follows the Alibaba Group investing in Rocket Internet’s Lazada, valued at US$1.5 billion. Zalora, which raised more than $250 million, was once on an equal footing with…
The company has asked interested investment banks to sign NDAs so it can provide more detailed information about the unit, citing people familiar with the matter. Vodafone may be ready to pick advisers by next month, the sources said. Around 10% of the Indian…
Telenor India is gearing up to launch LTE services across its footprint, but according to reports Telenor’s days in India’s telecom sector may be numbered. CEO Sharad Mehrotra told that the operator has already upgraded 7,000 mobile sites to LTE. Telenor…
India’s Reliance Communications (RCom) has revealed plans to progressively upgrade its CDMA customers to 4G starting in May. The operator will upgrade its CDMA network to LTE using the newly liberalized 800-MHz spectrum starting on May 4, citing a letter sent…
Platinum Guild International (“PGI”) today published the findings of its third annual Retail Barometer. The Barometer, conducted by independent platinum market experts and industry analysts, reveals the consumer retail sales data of platinum jewellery in 2015…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
New Balance India is to make a comeback – and says it aims to open about 50 stores within the next few years. The US sports shoes brand’s first foray into India was in the early 2000s, but it shut its shops after a few years. Now its VP for Asia Pacific…
Anti-Hindu signs at Kemah (Texas) restaurant of “Dairy Queen” (DQ), which upset Hindus worldwide found highly inappropriate, have been reportedly removed. Dean A. Peters, Associate Vice President of Communications of American Dairy Queen Corporation…
State-run Indian Oil Corp (IOC) has bid for rights to import, store and distribute petroleum products in Myanmar. “We have put in a bid to enter fuel marketing and retail business in Myanmar,” a senior company official said. Myanma Petroleum Products…
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