Search Result for : India Retail Sector

By Abin Daya The US Fed hiked interest rates by 25 bps this week, and also signalled that they would be increasing rates at least twice more this year. The Fed rate hike was on expected lines, and there were more than enough signals from officials about the intended decision. They are feeling good about the economic growth, and are worried more about inflation than about growth. However, whether all those expectations will come to pass, we have to wait and see. Closer home, inflation concerns are raising their head again and this will impact monetary policy going forward. The general perception is that RBI will hold the rates at the current level in the next monetary policy announcement in April. Again, need ...

The Dollar Business Bureau Underscoring the Goods and Services Tax as the game-changer for the Indian retail industry, retailers have urged the government for an early implementation of the new tax framework. Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to $1.3 trillion by 2020, RAI CEO Kumar Rajagopalan said.   "We are waiting for the details of early GST rollout, which, we hear is now in July. This can be a big game changer for retailers across the country," Rajagopalan told PTI.   Striking the same chord, METRO Cash & Carry India CEO & MD Arvind Mediratta said GST would also translate to ...

The Dollar Business Bureau Australian construction firm CIMIC Group’s Leighton Asia has won a contract to construct a project in Mumbai, the company said in a statement on Tuesday.  The company’s arm Leighton India Contractors has signed a pact to complete the second and third phases of the project Maker Maxity. This is likely to create a revenue of more than $169.5 million (approximately Australian $223-million) to the company. Maker Maxity is a retail, commercial and residential project at the upscale area of Bandra Kurla Complex, Mumbai.  Plans are afoot to develop this area into a hub for primarily investment banking. The second and third phases of the project include the development of both retail and hospitality sections of the project. CIMIC Group Executive Chairman ...

The Dollar Business Bureau Supporting the Apple Inc’s unit in India, Nitin Bawankule, Industry Director at Google India, speaking at the 'Digital Retail 2020' report release, said that the smartphone industry would grow further if the trendsetting iPhone maker opens a plant in India and designs more of India-focused products. Responding to a question on the extent of business sense and benefits for Indian retailers and e-commerce players if Apple’s unit arrives in India, Bawankule said that regardless as to whether the move will leave an impact on the online or offline players, it will be great for the industry as a whole. E-tail will emerge as a substantial path for the organized retail sector, contributing about 25% of total organized retail sales ...