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IndiaRetailBiz
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Capturing the Excitement of Retail Biz in India
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Vishal Retail may get 4 years’ maritorium on repayment of loans and interest charges under CDR package
The contours of financial package for stabilising operations of financially stressed value retailer Vishal Retail have begun emerging. The Delhi-based retailer owes around Rs 730 crore to a consortium of around 13 banks. Of these 13-odd banks, Vishal owes an amount of about Rs 170 crore, or nearly one fourth of the total, to State [...]
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Retail among 5 major planks of growth for Reliance, says Mukesh Ambani; emphasises on reinforcing supply chain and logistics
Reliance Industries Limited (RIL), the flagship company of Mukesh Ambani-led Reliance group, has identified retail as one of the five main areas of growth for future. Apart from retail, core areas of conventional energy and hydrocarbons as well as as rural transformation and innovations (like non-woven fibres for wallpaper and paper for currency), have also [...]
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Shopper’s Stop will invest Rs 250 cr. on expansion, add 18 new stores in 3 years; also raise money to augment HyperCity stake from 19% to 51%
Shoppers Stop, leading lifestyle retailers of the country, is going to invest Rs 250 crore to expand its department store format, lifestyle, retail chain operating under the same brand name.
Founded in 19991 by K Raheja group, Shopper’s Stop, currently operates around 27 stores and occupies a total retail space of 1.88 million sq ft. It [...]
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Reliance’s ‘Dairy Pure’ ventures out of family stores; ropes in outside retailers to expand business
Reliance Dairy Foods, a subsidiary company of Mukesh Ambani-led Reliance Industries Ltd (RIL), which manufactures and markets milk and other dairy under ‘Dairy Pure’ brand, has begun expanding footprint of its dairy products by roping in retailers outside the group. Apart from state cooperatives which operate within their respective states/ regions, Amul, Nestle, Mother Dairy [...]
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Vishal Retail inks CDR deal with lenders to restructure debt; process expected to complete within 100 days
Vishal Retail, financially stressed Delhi-based multi-products retailer which for months has been forced to put expansion on hold, has bought peace with its institutional lenders by signing a deal to kickstart the process of restructuring debt.
The deal has been inked with lending banks like with SBI, HDFC and HSBC to whom the retailer owes major [...]
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