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Fitch downgrades retailers to 'negative' as slowdown bites

Last Updated: Monday, August 6, 2012, 20:16

Reflecting the general gloom in the economy, rating agency Fitch Monday downgraded the outlook for the domestic retail sector to "negative" from "stable".

IKEA entry will empower small units: Sharma

Last Updated: Wednesday, June 27, 2012, 17:31

The entry of retail giant IKEA will help empower small and medium enterprises further, while the government will continue to protect the interests of SMEs, Commerce and Industry Minister Anand Sharma said on Wednesday.