• Sign Up
  • |
  • Sign In Sign Out
  • |
  • Make us your home
  • |
  • RSS
1 2
1 15
1 4
1 9
1 13
1 14
IPO
1 25
1 5018
SME
1 5018
  • SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
  • COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS
  • SMS BOS < space > stock query at 56388
  • LYONDELLBASELL IS ONE OF THE WORLD'S LARGEST PETROCHEMICALS COMPANY
  • LYONDELLBASELL UNDER CHAPTER 11 BANKRUPTCY PROTECTION SINCE JAN-2009
  • RIL: REVIEWING OTHER GROWTH OPPORTUNITIES FOR GROWTH IN CORE BIZ
  • RIL: NO ASSURANCE THAT OPPORTUNITIES WILL RESULT IN A TRANSACTION
  • LYONDELLBASELL PRIVATELY OWNED BY PROCHEMIE GMBH
  • LYONDELLBASELL: TO TRY TO MAXIMIZE VALUE FOR ALL CREDITORS
  • LYONDELLBASELL: RIL OFFER POTENTIAL ALTERNATIVE TO REORGANIZATION PLAN
  • OFFER SUBJECT TO DUE DILIGENCE & SUFFICIENT CREDITOR SUPPORT
  • OFFER UPON EMERGENCE OF LB FROM CHAPTER-11
  • OFFER APART FROM EQUITY FINANCING PROPOSED BY RIL FOR LYONDELLBASELL
  • RIL MAKES NON-BINDING CASH OFFER TO BUY CONTROL IN LYONDELLBASELL
  • RIL REVIEWING OTHER GROWTH OPPORTUNITIES FOR GROWTH
  • OFFER IS PRELIMINARY AND SUBJECT TO CUSTOMARY CONDITIONS
  • OFFER PURSUANT TO ITS PLAN OF REORGANISATION
  • CASH OFFER FOR A CONTROLLING STAKE UPON EMERGENCE FROM CHAPTER 11
  • SUBMITTED TO LYONDELLBASELL NON BIDDING OFFER TO ACQUIRE FOR CASH
  • Stock moves on WAP: Logon to mobile.ndtv.com on GPRS browser
  • SMS INDEX to 56388 for live market updates
  • Finance buzz: Logon to mobile.ndtv.com on GPRS browsers
  • Stock updates: SMS STO followed by scrip name to 56388
  • For Kingfisher Airlines flight updates sms KING to 56388
  • Email us at buyorsell@ndtv.com
  • Call us at 011-26201171
  • DELL LOST 10% ON FRIDAY AFTER MISSING REVENUES & EARNINGS TARGET FOR Q3
  • GOLDMAN SACHS DOWN 1.6%, GE DOWN 1.1%, CISCO DOWN 1%, MERCK UP 3.2%
  • DELL LOST 10% ON FRIDAY AFTER MISSING REVENUES & EARNINGS TARGET FOR Q2
  • DOW JONES FALLS FOR 3RD STRAIGHT DAY TO END LOWER BY 0.1% ON FRIDAY
Updated: 26/05/2008 | 05:22 PM IST
Kirana stores safe from big retail: ICRIER
Press Trust of India
Monday, May 26, 2008 (New Delhi)
Comments:
Read (0)

Amid a debate on whether organised retail kill livelihood of mom and pop store owners, an official study on Monday said there was no real threat to neighbourhood 'kirana' stores from modern retail chains.

In fact, farmers as also consumers stand to gain from organised retail in terms of competitive pricing, says the government-sponsored study.

There is "no evidence of a decline in overall employment in the unorganised sector as a result of the entry of organised retailers," said the report by think tank ICRIER.

However, it admitted that initially, mom-and-pop stores located in the vicinity of big malls have seen drop in sales and profit, but the impact would disappear in the long run.

It said farmers benefit significantly from direct sales to organised retailers. "Profit realisation for farmers selling directly to organised retailers is about 60 per cent higher than that received from selling in the mandi."

At a time when inflation is impacting the household budget, consumers have "definitely gained" from organized retail on multiple counts. "While all income groups saved through the entry of the organised retail purchases, lower income consumers saved more," it said.

The much-awaited study has recommended nationwide uniform licensing policy to facilitate "modern retailing" which will help take India's total retail sector to a whopping $590 billion in 2011-12.

The document which has been submitted to the Department of Industrial Policy and Promotion, however, did not deal with the impact of foreign direct investment on small retailers.

"This study has nothing to do with the impact of FDI on retail," ICRIER CEO and Director Rajiv Kumar said releasing the findings.

Comments:
Read (0)
Comments
 
Market Watch
         
Graphs
Stocks

                                Moremore
Stock Dashboard
Trading Calls
Rupal Saraogi
Rupal Saraogi
2.09% status
Current: Rs 1755.5
Simi Bhaumik
Simi Bhaumik
2.43% status
Current: Rs 2335.75
Stock Recos
The investors should remain invested in the stock
The investors can book partial profit and hold the remaining stock with a stoploss of closing below Rs 105
Buy or Sell
Today's Analyst: Neera Jain
Query : Sukhendu, an investor from Mumbai, has 500 Wockhardt at Rs 184/share.