Walmart India, the local entity registered in January, had earlier raised a cumulativeRs 1,328 crore from its USbased parent.
Holi, Makar Sankranti and Dhanteras follow Diwali and Dussehra in the list of festivals when consumers loosen their purse strings the most.
Narendra Modi government seeks views of retail majors like Walmart, Reliance Retail, Future Group and others to contain price rise
Govt invited top execs of leading retail chains to a meeting with secretaries of ministries of consumer affairs & agri to share their views & help contain spiralling prices.
The closure will affect more than 800 employees of the firm, which opened its first cash-and-carry outlet in Delhi’s Seelampur area about four years ago.
Reliance plans to extend its retail business into e-commerce with the promise of a wider range of goods than currently available online.
Today, Arvind Brands is a Rs 1,800-crore annual business and it made a profit of Rs 40 crore last fiscal.
While the corrugated box symbolises urban India’s wholehearted embrace of internet shopping, no longer is it merely a piece of folded cardboard.
Bain and US-based PE TPG Capital had invested about $86 million to acquire a 45% stake in Lilliput in 2010.
Walmart Stores Inc will no longer bat for multi-brand retail FDI and only concentrate on growing its existing wholesale cash-and-carry business.
Manu Kumar Jain, who quit Jabong earlier this year, is the first hire by Xiaomi to help establish a base in the country.
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