The decision to sell the complex has arisen due to its substantial debt burden, which amounts to ₹1000 crore. This transaction is anticipated to invigorate the company's retail expansion ambitions, as indicated by an undisclosed source.
Organised retailers do not expect the GST to impact their sales despite fears that it could disrupt businesses.
New Delhi: The clearance of the Model Shops and Establishments (Regulation of Employment and Conditions of Services) Act 2015 by the Union Cabinet that could make eating out and shopping 24/7 a reality soon, may
New Delhi: Retail industry today hailed Modi government's decision to allow shops, malls and cinema halls, among other establishments, to run 24x7 throughout the year. Arun Chitnis, head of corporate communications, JLL India today welcomed
New Delhi: Retail sector in India is expected to grow by 10 per cent to become USD 1 trillion by 2020, PricewaterhouseCoopers (PwC) said.In a report titled 'The Future of India: The Winning Leap' PwC
Mumbai: India's retail sector is expected to grow at a slower rate of around 16 per cent over the next three years as against 18 per cent previously, according to India Retail Report.The retail market,
Mumbai: ndia Ratings has retained its negative outlook for the retail sector the next fiscal as well with a stable bias, and ruled out revising it to positive near-term.Moderate single-digit revenue growth and operational efficiencies
Mumbai, Dec 23: Faced with high attrition of 50-70 per cent, the retail sector needs industry status to attract more youth to take up jobs in this space, Shoppers Stop Vice-Chairman B S Nagesh said
New Delhi, Dec 1: Neighbourhood and small stores for rotection of whose interest an all-India bandh against FDI in retail was called today were by and large open while major markets responded to it with
Nagpur, Nov 30: Yoga guru Swami Ramdev today lashed out at the UPA government for trying to push through FDI in retail sector saying that the ruling party leaders were speaking like middlemen (dalal) for
Mumbai, Nov 30: The BSE benchmark Sensex rose 115 points on Wednesday on value buying, which helped it wipe out initial losses in volatile trade, despite low GDP growth numbers for the second quarter.After losing
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