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It also has the option to acquire another 47.02 per cent stake in Future Retail in the future.

Omni-channel trade set to take off with Future deal

Amazon to get access to 1,600 stores under Future brands.

24 Aug 2019 1:47 AM IST

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.

Faster GST refunds to boost MSME liquidity

As the Finance Ministry has been receiving several grievances related to GST, the minister tried to assuage some of the...

24 Aug 2019 1:43 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Cheaper retail loans to drive consumption

Housing, vehicle and high-value consumption goods are expected to receive a fillip from the announcements.

24 Aug 2019 1:43 AM IST

The net absorption of office space increased 60 per cent to 1.8 million square feet (msf).

Flexi work spaces see 52 per cent growth in H1

Office space has remained hot property in recent times.

23 Aug 2019 5:37 AM IST

Few large retail outlets have already started advertising the downward revised prices of FMCG items.

FMCG volumes may revive in Q4

The volume growth in FMCG sector has slowed down in the wake of the rural slowdown, liquidity tightening and a dip in...

23 Aug 2019 5:35 AM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

India's new festival splurge: Grocery and apparel

Transactions at grocery stores accounted for 24 per cent of the total volume on Independence Day.

23 Aug 2019 1:39 AM IST

Parle employs about one lakh people, including direct and contract workers, across 10 company-owned facilities and 125 third-party manufacturing plants.

Parle may lay-off 10,000 as GST, slowdown hurt

According to him, the crisis started with the introduction of GST and became acute with the current slowdown.

22 Aug 2019 3:26 AM IST

A representational image for textile or apparel industry. (Photo: PTI)

Trade war can help MMF exports

Man-made textile is one among the products from China upon which Trump administration has levied additional tariff...

21 Aug 2019 1:30 AM IST

From now onwards, you may hesitate to order food as frequently as you did earlier. The heavy discounts that were luring you to order those favourite dishes may soon come to an end.

Food app discounts to end soon

The idea of scoring a discount should make guests feel special and not give them a sense of beating the system.

21 Aug 2019 1:25 AM IST

Businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card and other digital modes of transactions, excluding credit cards.

Floating rates for bulk deposits on the cards?

Banks already have discretion to offer differential rate of interest on bulk deposits. Most of the bulk deposits are...

21 Aug 2019 1:17 AM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

Nestle's lower rural biz comes to its rescue

The FMCG major reported a net sales growth of 11.35 per cent and increase of 10.83 per cent in net profit in the second...

20 Aug 2019 7:31 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

PE/VC infra deals this year beat 7-year total

The infrastructure has been witnessing the private equity and venture capital investments going up since 2012.

20 Aug 2019 7:24 AM IST