Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries
The report further said 71 per cent of respondents were "considering cancelling or deferring orders due to reduced festive forecasts due to the reduction in the festive season forecasts".
The report comes a day after RIL announced that US private equity firm Silver Lake Partners would buy a 1.75 per cent stake in Reliance Retail for Rs 7,500 crore
Essential goods will fuel the Indian retail industry's growth in the coming quarters, with consumer expenditure continuing to remain focused on these items, particularly food and grocery
While salary growth may range from a marginally positive to stagnant or even negative, the increment for some of the "super-specialised" profiles can go beyond 15%
To limit the impact on financials, companies have been looking at ways to cut costs by asking for a waiver, or lower rentals, for the duration of the lockdown
While, Spykar Lifestyles CEO Sanjay Vakharia said that there are no "feel-good measures" in the Budget
Where is the Sensex headed? will the economy turn around? what about sectors like auto, pharma, consumer goods and infra? Business Standard tells you what to expect in the new year
Though the economic slowdown started in high-ticket segments like real estate, auto and consumer durables, it has now spread to other sectors such as retail as the consumption basket shrank
Rate of growth nearly double that of traditional trade in July-Sept: Nielsen data
Social media must be absolute hell for anybody, who shares his/her name with a prominent politician.
Kirana stores hold the key to retail and ecommerce growth in India
The economy grew by just 5% in first quarter ended June 2019
Future Group's Central and Brand Factory, Aditya Birla's Pantaloons, Trent's Westside and Shoppers Stop have posted good sales growth numbers in the past few quarters