Arvind Mediratta
Food
METRO Cash & Carry turns profitable in India after 15 years of operations
METRO was the first cash & carry player to foray into India in 2003. Since then it has opened 27 wholesale distribution centers across the country spanning 1.8 mn sq. ft. of gross floor area and catering to over...
Retail
After record FDI in 2018, retail sector gears up for more M&As in new year
With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions, partnerships and other deals...
Retail
Relief to MSMEs would benefit ecosystem: Retail industry
The retail industry has welcomed the budget, saying the Government's move to cut corporate tax for MSMEs will benefit the ecosystem, boost the rural sector and increase domestic consumption.According to a PTI report: Besides, doubling of allocation of funds...
Retail
Retail industry reacts to the Union Budget 2018
In his last full budget before general elections in 2019, Finance Minister Arun Jaitley reduced corporate tax for 99 percent of the companies to 25 percent.In keeping with his earlier announcement of reducing corporate taxation rate to 25 per...
Food
Metro Cash & Carry eyes faster growth from HoReCa segment
Metro Cash & Carry is expecting its hotels, restaurants and caterers (HoReCa) segment to have a faster growth post GST, said a top official.According to a PTI report: Besides, Metro is also helping its customers in Kirana and traders...
Food
Metro Cash & Carry India sales up 16 pc to EUR 798 mn in FY’17
Metro Cash & Carry India has reported a 16 per cent increase in sales at EUR 798 million (approx Rs 6,242 crore) for the financial year ended December 2017."In 2016-17, Metro Cash & Carry India posted sales of EUR...
Food
Metro Cash & Carry to introduce online sales for B2B customers by year-end
Metro Cash & Carry will start online sales for business customers by the year-end as it looks to expand in the growing segment, a top official of the company said.
According to a PTI report: The company also plans to...
Retail
Is India GST-ready? Here's what India Inc has to say
India has adopted its most comprehensive indirect tax reform, the Goods and Services Tax (GST) – on July 1, 2017. It is expected that the GST will help remove tax barriers between states, creating a single market. The roll-out...
Food
Metro Cash & Carry revamps India operations, sharpens regional focus
Managing Director & Chief Executive Officer of Metro Cash & Carry India, Arvind Mediratta, speaks to Sanjay Kumar of Progressive Grocer about the company’s recent initiatives across various functions, which have not only helped Metro dig its feet firmly...
Food
Metro Cash & Carry opens fourth store in Hyderabad
Organised wholesaler Metro Cash & Carry India has added its fourth wholesale warehouse in Hyderabad.
The new outlet will bolster the German wholesalers position in the city by augmenting the existing base of nearly two lakh business customers, it said...
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Walmart announces launch of dedicated page for Indian sellers
India is a priority market for Walmart, and the dedicated landing page builds upon our commitment to Indian sellersNew...
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