India news and analysis

22 January 2013
India's Reliance Industries Limited announces outstanding results for its retail division with turnover growing over 44% to Rs 7,749 (USD 1.4bn) in the first nine months of the year. Coinciding with this news, the company outlined plans to consolidate its eight retail units. Strengthening its multi-format portfolio The company highlighted a strong start to the festival season and improved pr...
10 January 2013
The Future Group will build its store portfolio of three formats through franchising, local press reports outline. Increasing presence in urban convenience market The Group's KB's FairPrice convenience format will be a key area of growth for the Indian retailer in 2013. Through the franchise model the store portfolio will increase from 170 to 500 stores, the majority of which will be in Delhi...
03 January 2013
Shareholders have authorised Reliance Fresh to raise its borrowing limit by fifty percent to Rs 15,000 crore with immediate effect. Reliance Fresh is the convenience format of the retail division of leading Indian company Reliance Industries Limited (RIL). It operates a network of over 1,300 stores across eighteen states, with ambitious plans for expansion in 2013. Asserting its commitment to...
02 January 2013
According to Indian publication the Economic Times, Tesco is looking to increase the amount of food sourced directly from within the country. New subsidiary organisation Tesco has created a new subsidiary organisation in India , which will help it purchase increased levels of food from across the region in the year ahead. The move will help the retailer, which already reportedly targe...