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Make in India products await easier retail norms

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The central government is currently contemplating considering easier retail norms for foreign retailers selling more make in India products, said official sources, claiming that global companies with a permit to sell local food items — Amazon.com Inc. has applied for ...

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J.C. Penney closes retail stores across US

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According to media reports, J.C.Penney, is all set to close 138 stores across the U.S. and is leaving some smaller markets where it’s operated retail stores for decades. With its remaining 876 stores, Penney will still have at least one ...

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5G phone sets to storm telecom market

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Though the country is yet to complete its 4G rollout across the country, but telecom operators and industry players are already thinking of the next wave -5G phone. The telecom phone makers said the country is at the cusp of ...

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Micromax unveils Bharat 14G VoLTE smartphone

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The domestic handset maker Micromax is aiming to sell 5-6 million units of its upcoming Bharat 14G VoLTE smartphone and Bharat 2 VoLTE smartphones in India over the next 5-6 months, which will help it increase its overall market share ...

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Beiersdorf takes consumer market by storm

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Beiersdorf AG, who is the owner of the Nivea brand of consumer products, has exploited the business opportunities in the Indian consumer market and is threatening its well entrenched rival Hindustan Unilever in the segment. Its latest strategy is to ...

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Retail sales in US on the upswing

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Indicating a tempering of the consumer spending that’s been carrying the economy, U.S. retail sales in February recorded marginal gain in six months, said media reports, claiming that purchases rose 0.1 percent, matching the Bloomberg survey median estimate, after a ...

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Nestle SA launches healthy food products

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In order to make their ready to eat and drink food products health friendly and also adhering to government of India stricter norms, Nestle SA has started slashing salt and sodium in Maggi noodles, reducing sugar in KitKat chocolate and ...

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F&B majors lobby to fight strict norms

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A large number of food and beverage makers (F&B Majors) of global repute and also trade groups met in recent weeks to discuss how to lobby more effectively against Indian proposals for higher taxes and stricter norms on fatty or ...

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Red Chief Shoes in expansion mode

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Footwear and apparel-maker Red Chief is looking to focus on tier-I and metro markets. It is eyeing a turnover of around Rs. 270 crore in FY-17. Interestingly, numbers have seen a downward revision considering the hit in operations because of ...

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Experimental retail, a buzzword

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In an age where in-store retail visits are plunging by billions, experimental retail has become the buzzword whereby many retailers are simply putting exceptional products on its shelves. In fact the trend has been there in the market for some ...

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