Online Business

Indian retailers' earnings to come under pressure: Macquarie

A stuttering GDP growth and high-base effect are likely to push same store sales (SSS) growth and profitability of Indian retailers in the red zone for the January-March 2009 quarter, research firm, Macquarie, said. "Year-on-year trends in SSS growth and profitability are likely to remain under pressure due to a high base effect. Q1 09 (January-March 2009) results for the retail sector are, therefore, likely to be subdued," Macquarie said in a report.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
ED claims evidence of FDI law violations by Emaar MGF
The Enforcement Directorate (ED) today claimed to have found evidence of ‘large-scale’ violations of Foreign Direct Investment (FDI) guidelines by real-estate major Emaar MGF in purchase of land. During its searches carried out at 13 premises of the group on Thursday, the ED also claimed to have recovered about Rs 9 crore in cash, two kg of gold and foreign currency worth Rs 5 lakh. Stating that Emaar MGF had availed more than Rs 6,000 crore of FDI in the last four years, the ED said in a press statement that the seized documents indicated “large-scale violations of FDI guidelines.”
Popular Articles

Experts divided over predatory pricing
Even as the Telecom Regulatory Authority of India (Trai) has started investigating into the complaints of predatory pricing offered by some of the new operators, experts are divided over whether the current scenario actually resembles predatory pricing.

Bharti, RCom seek telecom corridor via Bangladesh
Indian telecom majors Bharti Airtel and Reliance Communications (RCom) have sought to build a fibre optic network in Bangladesh to get connected to the isolated north-eastern states, a report said on Sunday.

© Copyright 2009