30% sourcing from small units a must: MSME Ministry

Last Updated: Thursday, July 25, 2013, 19:56

The MSME Ministry today said the global multi-brand retailers must have to comply with the mandatory 30 per cent sourcing norm from small industries.

Amazon to launch Kindle range of products in India

Last Updated: Thursday, June 13, 2013, 19:12

Online retailer Amazon, which recently announced its foray into India, said Thursday it will introduce its Kindle range of products, including Fire and Paperwhite in the country by the end of this month.

LBT stir to linger; citizens brace up for hardships

Last Updated: Sunday, May 12, 2013, 23:33

Citizens may have to continue facing hardships, with a traders` body announcing that indefinite strike against LBT will go on.

63 proposals approved for FDI in single-brand retail: Sharma

Last Updated: Friday, March 15, 2013, 20:33

Government has approved 63 proposals for FDI in single brand retail so far, Union Commerce Minister Anand Sharma said on Friday.

DTDC launches special services for e-retailers

Last Updated: Tuesday, March 12, 2013, 17:07

The company also said this new venture is likely to attain revenue of Rs 100 crore by 2016 and contribute around 20 percent of its revenue by 2020.

Foreign retailers can source from anywhere in India: Sharma

Last Updated: Monday, January 28, 2013, 22:22

The minister, who had met Walmart International CEO Doug McMillon and Tesco Chairman Richard Broadbent separately in Davos last week, also said they were seeking clarity on India's FDI policy in retail.

Govt to pay state fuel retailers $5.5 bn oil subsidy

Last Updated: Friday, November 9, 2012, 09:42

The payout by the finance ministry will be released after parliamentary approval is granted.

Jewellery stocks sparkle; zooms 34% so far this month

Last Updated: Wednesday, October 24, 2012, 15:28

Bolstered by hopes of robust demand in the ongoing festive season, shares of jewellery retailers, including Tribhovandas Bhimji Zaveri, have given as much as 34 percent higher returns to investors so far this month.

'Jewellery retailers defy downturn; new outlets drive growth'

Last Updated: Wednesday, September 26, 2012, 19:21

Retailers are expected to continue expanding their footprint in newer geographies to drive growth, which will help them in braving the current economic slowdown," it said.

AP to allow foreign retailers in state

Last Updated: Tuesday, September 25, 2012, 23:23

Andhra Pradesh Chief Minister N Kiran Kumar Reddy Tuesday said his government will allow foreign players to set shops in the state.

Essar Oil for diesel subsidy to pivate companies at par with PSUs

Last Updated: Monday, August 27, 2012, 16:38

Essar Oil Ltd has demanded that it and other private fuel retailers be paid diesel subsidy at par with their public sector competition to create a level playing field.

Not consulted on single brand IKEA FDI move: MSME Ministry

Last Updated: Tuesday, August 7, 2012, 17:09

Global single brand retailers like IKEA may find it tough to get easing of norms for compulsory sourcing from the Indian tiny and small units, with the Ministry of MSME strongly opposing the move of the Commerce and Industry Ministry.