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From brink to recovery: India's battered retail sector hopes for better 2021

New Delhi: With an epic battle of billionaires for supremacy in one of the world’s most prolific markets and a pandemic-propelled surge in online shopping in the background, India’s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world’s wealthiest man, and ...
New Delhi Rajat Wahi Indian Mukesh Ambani Kumar Rajagopalan Adarsh Menon Jeff Bezos

From The Brink To Recovery, India's Retail Sector Pins Hope On 2021

From the brink to recovery, Indias retail sector pins hope on 2021 In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the worlds wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach USD 1.3 trillion by 2025. PTI December 29, 2020 / 01:32 PM IST V2 Retail: Bennett Coleman & Company sold ano...
Rajat Wahi Indian Mukesh Ambani Kumar Rajagopalan Adarsh Menon Jeff Bezos Devendra Chawla

From brink to recovery, India's retail sector pins hope on 2021

From brink to recovery, Indias retail sector pins hope on 2021 With lockdowns heavily restricting physical store sales and consumers flocking to online mode of shopping, 2020 saw a dramatic shift in consumption behaviour and adoption of the digital medium PTI | December 29, 2020 | Updated 16:01 IST Even as COVID-19 kept retailers on their toes in 2020, some of them were busy making deals With an epic battle of billionaires for supremacy in one of the worlds most prolific markets and a pandemic...
Rajat Wahi Indian Mukesh Ambani Kumar Rajagopalan Adarsh Menon Jeff Bezos Devendra Chawla

ET Industry Leaders East 2020: Celebrating businesses that help revive the economic growth in East India

ET Industry Leaders East 2020: Celebrating businesses that help revive the economic growth in East India Synopsis ET Industry Leaders East 2020 is an initiative to discover the leaders from various industries in the eastern part of the country who have immensely contributed towards the development of the region. ET Spotlight The business fraternity of a particular region holds the key to its economic growth. The various industries contribute towards the development and eventually help in the r...
United States West Bengal Barrackpore Estd Shalenis Biswas Nilanjan Das Dhannalal Jain

Job creation, lower taxes, fiscal stimulus, fast-track reforms: Consumer companies' Budget demand

Job creation, lower taxes, fiscal stimulus, fast-track reforms: Consumer companies Budget demand SECTIONS Share Synopsis “Government will have to work on course correction, fiscal and relief measures to boost discretionary spending and put more money in the hands of consumers to stimulate subdued demand,” said Arvind Mediratta, managing director at retail chain Metro Cash & Carry. Reuters While the FMCG sector has been growing in double digits in channels such as e-commerce and rural market...
West Bengal United States Arup Chauhan Arvind Mediratta Kamal Nandi Atmanirbhar Bharat

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After Covid freeze, people are shopping with a vengeance | India News

Representative image NEW DELHI: Daily Covid-19 cases in India dropped to a 161-day low, with just 22,273 fresh infections reported in the country on Monday. This was the lowest count of daily cases recorded since July 6 as the pandemic continued to gradually recede across most of India. The day’s death toll too remained below 400 for the third day running as 360 fatalities were recorded, as per data collated by TOI from states. In the week gone by (December 6-13), as many as 28 of the 35 st...
Devendra Chawla Pinakiranjan Mishra Worldpanel Division Reserve Bank South Asia Edelweiss Securities

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