Retail News Update

Kolkata: Mukesh Ambani controlled Reliance Industries is expected to make an investment of Rs 4000 crore in West Bengal as part of its mega-retail plans which would be unveiled later this week. Ambani is flying down here on June 21 to meet Chief Minister Buddhadeb Bhattacharjee after which the details of his plans in creating […] ↓ Read the rest of this entry…

KOZHIKODE: Volunteers of a leading traders body in Kerala went on an agitation at various places in the city, protesting the opening of Reliance outlets here on Saturday. The activists of the ‘Kerala Vyapari Vyavasayi Ekopana Samithi,’ spearheading the campaign against entry of multinationals in the retail sector, gathered in large numbers in front of […] ↓ Read the rest of this entry…

MUMBAI: Reliance Capital Asset Management, controlled by Anil Ambani, has sold a 5% stake to Eton Park Capital Management in a deal that for the first time puts a value on India’s largest mutual fund. US-based Eton Park will pay $127 million for the stake in Reliance’s mutual fund, valuing it at Rs 100 billion, […] ↓ Read the rest of this entry…

New Delhi: The government may open up the $330-billion retail market in the future after being convinced that ‘kiranas’ (small grocery stores) will not be affected by big retailers. Minister of State for Food Processing Industries Subodh Kant Sahai said the Department of Industrial Policy and Promotion (DIPP) has engaged an agency for an in-depth study […] ↓ Read the rest of this entry…

Mobile Magic, a chain of mobile phone boutiques, has launched a new retail service called “Media Magic”. Media Magic is a retail platform for mobile users to buy legal and rich content like games, applications, movies, and music in an offline format. Mobile Magic has got into an exclusive tie up with Hungama Mobile to […] ↓ Read the rest of this entry…