Retailers witnessed 67 percent degrowth from June 15 to June 30 compared to the corresponding period last year. During the same time frame, malls witnessed 77 percent degrowth year-on-year on account of not being allowed to open uniformly across the country. High street retail showed degrowth of 62 percent YoY despite being allowed to open across India. … [Read more...] about KV Kamath committee report: FMCG, corporate retail outlets among 26 sectors listed for restructuring
Cbre retail report
The Society of Indian Automobile Manufacturers (SIAM), the apex lobby body of the vehicle manufacturers, has been intensely lobbying for a cut in Goods and Service Tax (GST) rates to push up retail demand. It recently suggested a plea to postpone the emission norms which are slated to come into effect in 2022. … [Read more...] about Kamath Committee report | Implementation is key, says auto sector
> The committee did not specify a current ratio for automobile manufacturing, due to the “just in time inventory” business model for raw materials and parts, and finished goods inventory is funded by channel financing available from the dealers. … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
Retail investors maintained their tempo by investing a huge sum of money in the issue as their portion set aside has been subscribed over 38.85 times. The reserved portion of non-institutional investors saw 3.96 times subscription and that of qualified institutional investors 46.7 percent. … [Read more...] about Happiest Minds IPO day 2: Issue subscribed 8.4 times, retail portion at 39 times
This comes at a time when pace of cloud adoption accelerated as companies migrated to ensure business continuity. Arvind Krishna, chief executive officer, IBM, said during IBM Think event in May that the company has witnessed cloud being adopted at a much faster pace amid the COVID-19 pandemic. … [Read more...] about Indian enterprises to spend half their IT budget on hybrid cloud: IBM report