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Logistics & Retail

USA online retail giant Amazon has invested Rs 6,200 crore (approx $1 billion) in its e-commerce business in India since the beginning of this calendar year, as it looks to compete with cash-flush rival Flipkart. Amazon Seller Services Pvt Ltd, the largest arm of the US company here, has seen three rounds of capital infusion […]

Sweden’s IKEA Group has won a bid for a 10 acre land . 842 crore in the heart of parcel for ` Gurgaon from Haryana Urban Development Authority (HUDA) where the company plans to construct one of its outlets in the National Capital Region. A senior Haryana official said the state government had invited bids […]

Walmart Stores has opened a fulfilment centre, or ‘dark store’, in India, one of its first globally, in an effort to speed up operations in the country, which is fast adopting online retail services. 45,000 square feet centre at Bhiwandi near Mumbai will serve kirana stores and other B2B businesses through online orders and will […]

Sharp is re-entering India in an alliance with Reliance Industries, with the Japanese electronic brand’s current owner Foxconn concluding a distribution and product development arrangement with Reliance Retail, the retailing arm of the country’s most valuable company. Two senior industry executives said Reliance Retail has the rights for the Sharp brand for television and home […]

Union minister for food processing industries Harsimrat Kaur Badal said the government is still considering the inclusion of 25% home care and personal care products in multi-brand food retail outlets owned by foreign companies. She said global companies have committed a $10 billion investment in food processing, technology, cold chain and retail in the next […]

Amazon India might in the next one year be the occupier of more than 30 million square feet of real estate in India. At present, it has taken up close to 17 million square feet of space for its offices, data centres and fulfillment centres. The company, however, is tight lipped on its expansion. “As […]

Kishore Biyani is out shopping again, for the fifth time in as many years. Future Retail is set to acquire HyperCity, a premium chain of 19 hypermarkets from Shoppers Stop for Rs.700 crore through a combination of cash and shares to further consolidate his footprint in western India, said multiple sources aware. A formal announcement […]

FM Logistic has opened a warehouse in Pune, Maharashtra, for a European retailer. The warehouse is spread over 20,000 squre meter. Company is in the process of acquiring land near Delhi and Mumbai to build multi-client distribution centres as part of its plan to set such facilities near cities. http://www.projectstoday.com/News/FM-Logistic-opens-warehouse-for-European-retailer

Commerce and industry ministry today said it has approved two foreign direct investment proposals, including that of Dyson International, in the single brand retail sector. Dyson International got an approval to carry out single brand retail trading of ‘Dyson’ branded products in India, it said in a statement.Investment envisaged in the range of 5 million […]