Page 4 - Retail Sector

Covid-19 pandemic: Shopping mall owners' income dips around 50 pc in FY21

Shopping mall owners' revenue declined by around 50% during the last fiscal as the retail sector was badly hit since the outbreak of the Covid-19 pandemic in March last year

Delhi extends curfew as Covid situation grim; retailers demand support

Estimates suggest the closure of all retail hubs for a week caused a loss of Rs 2,000 crore to Delhi's retail business.

Cyberattacks: Retail and healthcare sectors among most targeted

Organisations in the business and professional services, retail and hospitality, financial, healthcare and high technology were the top targets

Retail sector sees revival in hiring as second Covid wave haunts India

Retail sector, which was severely impacted by the first wave of pandemic, has seen robust revival in hiring that saw an uptick of more than 15 per cent in March

Covid-19 or not, show must go on, says Future Group founder Kishore Biyani

We are launching an FMCG brand called Smartsters, which will focus on packaging and product innovations, says Biyani

India's retail sector to add 25 million new jobs by FY30, says report

In a survey of over 360 retail stakeholders, 79% of the respondents said that technology will play a pivotal role in Indian retail growth

India retail sector to add 25 million new jobs by 2030: Report

A lion's share will be the offline+online model, the report said

Retail engine revs up but YES Bank has hands full on asset quality

Its deposit base as of December 31, 2020 (Q3) had risen to Rs 1.46 trillion, up 8 per cent sequentially, though below a year ago's Rs 1.65 trillion

Retail startup Shoopy raises $250,000 seed from US, India investors

Shoopy helps retailers and local business owners go online in a few seconds, and manage invoicing, billing, inventory tracking and management, among other aspects of their shops easily

M&A pick-up: Feb numbers top current fiscal with 44 deals worth $4 bn

Consumer, retail and food segment topped the charts in terms of both, deal volumes and value

Reduced debt, better business outlook spark rally in Aditya Birla Fashion

Shares of the company were up for 8th straight day, its longest winning streak in nearly six years

Consumers will become increasingly agile and demanding: Deloitte

Consumers will become more aware of brands and seek comfort and convenience at the click of a button.

Aditya Birla Finance set to raise Rs 5,000 crore through debentures

The entity expects to increase share of SMEs and the retail segment to 65 per cent from 60 per cent in December 2020.

Amazon India signs agreement with DGR for hiring ex-service personnel

Amazon India on Friday said it has signed an agreement with with the Directorate General Resettlement (DGR) to provide ex-service personnel with work opportunities across its network in India.

Banking stocks: Street step-siding the brewing retail-loan stress

Retail NPA ratios for December quarter at 10-year high for most private banks

Budget 2021-22 wishlist: Here are the key challenges in retail sector

Inadequate physical, digital infrastructure affecting efficiencies in supply chain management

Walmart to give 4th round of bonuses to workers since coronavirus

Walmart says for the fourth time during the pandemic it will be giving its 1.5 million U.S. part-time and full-time employees additional cash bonuses for their work.

Only Rs 300 cr of retail, MSMEs applied for loan recast: YES Bank

Yes Bank on Tuesday said the loan repayments performance by its retail and small business borrowers has been better than expected, and only Rs 300 crore of the Rs 60,000-crore book has applied for the COVID-19-related loan restructuring scheme. The collection efficiencies at about 95-96 per cent right now are back to the pre-COVID-19 levels of 97 per cent, its Global Head for Retail Business Rajesh Pental told PTI. "Only Rs 300 crore of the overall Rs 60,000 crore of the advances book have opted for loan recast till now," Pental said. He stressed that the portfolio quality is immaculate and stable where its customer selection over the past two years has paid off. Borrowers have time till the end of December to opt for the scheme. He said 54 per cent of borrowers by numbers had opted for moratorium which lasted till August, and an additional 5-8 per cent could not pay as well. However, 85 per cent of the overall moratorium customers had paid at least one loan instalment during the

YES Bank aims to double retail, SME assets & liabilities book by March 2023

The lender expects to grow the combined share of retail and SME in business to 60%

Pandemic fears, early online deals thin America's Black Friday crowds

Retailers overhauled the traditionally busy shopping day that comes the day after Thanksgiving.