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Retail News

44 Shops sealed by Excise still not allowed to Commence Business
The 44 department stores sealed on September 23-24 for gross violation of the License conditions stay sealed awaiting direction from the government and suffering loss of sales even as the government is suffering loss of excise revenues and there is chaos and panic in the industry, writes Subhash Arora who implores the Deputy Chief Minister Manish Sisodia to also ascertain that if the shops were violating the conditions for 5 years or more, why the officials were not vigilant enough all these years
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The Taste that beats the others Cold
The Taste’ department stores in Defence Colony, New Delhi has been selling wine and beer for around 5 years, without a hint of selling wines but as you enter the store and walk towards the back, you see several bottles with different labels stored vertically and the pleasant face of Jimmy Wadhawan, the beard-sporting partner who has popularised wines enough to be nominated as the Best Retail Store of Delhi NCR at the delWine Excellence Awards, at Pullman in April 21. Subhash Arora had a long chat with him regarding Retail and the challenges and opportunities ahead
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Food for Thought: Sixty percent Restaurants are in High Street Markets in India
Almost 60 per cent of restaurants in Delhi-NCR, Mumbai and Bengaluru are located on high-street markets due to limited supply of quality space in shopping malls and scope for organic expansion, according to a survey by the international property consultant CBRE, based on a survey conducted among more than 1,200 restaurants in key locations in the three cities
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Tonique- India’s Biggest Liquor and Wine Shop in Hyderabad
What appears to be the biggest modern liquor and wine store with 15,000 sq ft area in the posh area of Jubilee Hills in Hyderabad , the recently opened Tonique has been attracting women and men alike and even tourists because of the expanse, location, variety, architectural and interior design and the seven day opening till midnight making it the preferred shopping destination , writes Subhash Arora who feels it will set the bar higher for others in India
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GST may take Time and not include Wine
The much awaited Goods and Service Tax (GST) to come into force, first by the earlier UPA government and now with the current BJP government with a clear majority at the Center, may not be ready yet for consent and approval but also more importantly-it may exclude Wine and other alcohols, shattering hopes of many who might be waiting for uniform excise and sales tax at single point, across the board
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Sops expected in FDI Single Brand Retail
Even as it has exited from Multi-brand Retail due to restrictive government policy, Wal-Mart is concentrating on the wholesale cash and carry business with an investment of over a $100 million and even as Carrefour has announced its exit from India and Tesco is still pursuing its dream by partnering with Tata, the government seems to be mulling over the idea of scrapping the 30% clause for the single brand FDIs thus encouraging clothes, electronics and luxury goods retailers to set up shop in India
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FDI in Retail: Carrefour Bows to FDI Policy and Exits India
Wine and Spirits importers would derive some solace from the Indian legal system being fair and a possible respite from terrorist-like policies of the FSSAI policies that have held the whole industry to ransom with high-handedness as Delhi high court warned an FSSAI official to be sent to jail for misusing her powers with Justice Manmohan warning her in a case unrelated to wine but relating to food
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India may follow UK Retail Wine Buying Pattern
Many people may challenge the recent UK study by Cobevco, a specialist contract bottling company in Cheshire, claiming that the perfect wine voted for the UK consumers would be available in supermarkets, red, screw-capped, Australian and cost under £6 according to 70% of those surveyed, but it could be indicative of the retail wine market in India once the FDI in retail is operational and the big retailers start retailing wines
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FDI in Retail still to fall in Place in India
The stand taken by the BJP in its Poll plank that FDI in retail would not be allowed despite the green signal by the current UPA government signals the possibility of further delay in the signing of the FTA between India and EU the talks for which had been going on for over six years but were put on the back-burner last year because of the ensuing elections, as predicted by delWine about 18 months earlier
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Wal-Mart and Bharti Divorce Final
The much talked about separation between the World’s largest retailer Wal-Mart and India’s leading mobile operator Airtel’s parent company Bharti Enterprises became an official divorce with the JV partners of Bharti-Walmart announcing the split yesterday with each side claiming to run and expand the business individually or possibly with new alignments
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Retail: Corruption and Red Tape delay Wal-Mart Entry
While the Indian wine industry has been known to be reeling from factors like corruption and red tape inherent in the Indian system besides high taxes, none of the global supermarkets like Wal-Mart have applied for opening Retail stores even nine months after the liberal FDI Policy was announced, citing corruption and red tape inherent in the Indian States as major deterrents among several factors
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FDI in Retail Finally Becomes a Reality- Hopefully
After months of dithering over its announcement foreign direct investment (FDI) in Retail, the government finally announced on Friday the decision to implement the policy
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US Keeps on Pushing India for FDI
Despite a strong opposition from a certain section of the political parties and several people forcing the Indian government put the FDI issue on the back burner for while, US has not let
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FDI in Retail Still Not a Dead Horse
Despite several reservations on the issue, the UPA coalition government has rejuvenated its efforts to create a consensus on allowing foreign direct investment (FDI) in retail, with
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Retail FDI Decision Faces Strong Opposition
The government decision announced on November 24 to allow participation by the foreign retail chains like Wal-Mart, Tesco and Carrefour and increase of share to 100% for single
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Retail FDI Story reaches Chapter
After years of dithering and deliberations the government is finally contemplating to allow Foreign Direct Investment of up to 51% in Retail but with several riders including
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