Page 8 - Retail Market

Kerala Housing Finance: Sebi extends time to auction properties to Feb 18

Markets regulator Sebi on Monday said it has extended the time period to auction the properties of Kerala Housing Finance to February 18, in the wake of the ongoing pandemic situation in Kerala. Earlier, the property was scheduled to be auctioned on February 4. In addition, the regulator has extended the last date of submission of the bids to February 15, from January 31, the Securities and Exchange Board of India (Sebi) said in a notice. "Considering the COVID-19 pandemic situation existing in the state of Kerala and for the convenience of the proposed bidders for their site visit and submission of bids, it has been decided to extend the last date of submission of the bids and date of e-auction," Sebi said. The regulator will auction properties of Kerala Housing Finance at a reserve price of Rs 1.3 crore in order to recover investors' money. The online auction will take place between 11 am and 12 noon. The properties to be put on sale are land parcels and flats situated in Kerala

Retail equity holdings shoot up 60% in 2021, shows data

Value of holdings rises to Rs 55 trillion as 30 mn new investors enter market

Retail sales rose 7% in Dec compared to same period in 2019: RAI

Retail sales in December grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave

BFSI: Retail vertical looks set to drive credit growth, says CRISIL

Within banks, credit issued to the retail segment, which was up 4 per cent as of October 2021, is expected to log 12-14 per cent growth this fiscal

Street signs: Nifty50 undertone still bearish, apparel retailers may gain

A move below 16,900 could result in a faster decline in the coming week, while a breach of 17,118-17,155 levels could result in better momentum on the upside

Domestic retail sales in November up 9% over pre-pandemic levels: RAI

Retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019 signaling improvement in business albeit worries around Omicron variant

Why is JioMart's B2B model bad news for wholesale distributors?

JioMart's B2B business model has created a dilemma for India's FMCG companies who risk alienating the 4.5-lakh distributor community. Find out the stumbling blocks in JioMart's path to dominance

TMS Ep62: Paytm, JioMart, Q&A with Marc Faber, long & short positions

What is Paytm Payments Bank's 'scheduled' status? Can Mukesh Ambani pull off a Jio in B2B retail? What's Marc Faber's take on financial markets? What are long and short positions? All answers here

Americans ramped up retail spending a strong 1.7% last month

Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending

For retailers, high street is flavour of the season as demand picks up

As demand picks up, retailers are opening 50% of their new stores on high streets

V-Mart Retail reports net loss of Rs 14.14 crore in September quarter

The comapany on Monday reported narrowing of net loss

Retail edible oil prices drop by Rs 5-20/kg in major markets: Food Secy

Edible oil prices in the major retail markets across the country have declined, the official said

Rent of retail space up 11-17% in Delhi's upscale mkts in July-Sep

Rentals of high-street retail are inching back to pre-COVID levels in Delhi-NCR on the back of revival in business, as rents in upscale Khan Market, South Extension and Connaught Place have risen 11-17 per cent during July-September compared to the previous quarter, according to Cushman and Wakefield. "Rentals inching back to pre-COVID levels as market activity strengthens," global property consultant Cushman and Wakefield (C&W) said in its report 'Marketbeat- Delhi-NCR, Retail Q3 2021' (July-September). The Delhi-NCR market recorded improved retail activity during the September quarter, the consultant said, adding that early signs of recovery could be seen with a pick-up in retail leasing. "With rentals inching back to pre-COVID levels and accommodation on commercial terms narrowing, the only direction for retail in the coming months is upwards," said Vibhor Jain, Managing Director, North, Cushman & Wakefield. "Increased vaccination and a low caseload have certainly played an

Imagine Meats to bolster product range, aims presence in 25-30 cities

Imagine Meats, a food venture by Bollywood couple Genelia and Riteish Deshmukh, is working on expanding its range of plant-based meats suited for Indian taste buds

Sloggi forays into Indian market, to open 10 stores by 2022

International bodywear brand Sloggi has forayed into the Indian market and plans to expand its retail presence through franchise partner Solar Group.

We take allegations of improper actions seriously, probe them fully: Amazon

The US e-commerce giant on Monday said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.

Reliance Retail becomes second-largest customer of Future Consumer

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.

Flipkart eyes 2X growth in 'Pay Later' offering, aims to cross 100 mn

Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months.

Dyson expands retail network to 12 stores; enters Hyderabad, Chandigarh

British tech firm Dyson on Wednesday announced expansion of its retail sales network by adding more demo stores and mall demo zones, taking its total count to 12 in the country.