Moreover, the decision of Maharashtra Cabinet to keep mall, shops and eateries in Mumbai open round-the-clock also lifted sentiment. The rule will come into effect from January 27 in Mumbai's non residential areas such as Bandra Kurla Complex (BKC) and Nariman Point.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Spencer Retail jumps 27% in 2 days as Radhakishan Damani buys stake in co
What I learned from the reams of interview data that I collected and transcribed is that the successful companies endow a sense of “sustainability ownership” in their employees so that everyone—from the mailroom to the boardroom—picks up the baton as part of his or her day job. And it all starts with defining a corporate purpose, the all-important question of “why do we do what we do,” something that three companies did particularly well. … [Read more...] about Worker buy-in is the real key for successful corporate sustainability
Secondly, some well-known single-brand foreign retailers, who were keen on gaining access to the Indian markets, have already succeeded in done so through licensing agreements/joint ventures (JVs)/partnerships. The arrangements are unlikely to be modified. For example, the likes of Zara and Marks & Spencer entered into JVs with Trent and Reliance Retail, respectively, to expand their footprint in India. On the other hand, Uniqlo, a Japanese clothing brand, sought the desired approvals in late 2017, too. … [Read more...] about 100% FDI in single-brand retail: A much-needed booster shot?