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India remains largely a traditional retail market where most buying and selling happens through neighbourhood mom & pop stores. In the last few years, though, online retail has caught the fancy of consumers and investors. However, the recent massive devaluation of India’s billion-dollar e-tail startups and an impending consolidation in the industry, are giving retailers like Biyani renewed confidence. After trying his hand at e-tailing four times and burning Rs350 crore, Biyani has fallen back on what he does best—building more stores. “We have done a lot of work around understanding the digital environment. Human beings are social animals, they like to socialise. And socialising happens in a physical environment. It doesn’t happen in a digital environment,” he added. He has also worked over the last two years to segregate Future Group’s core retail business and its retail infrastructure businesses (such as supply chain and other investments), besides making acquisitions to further expand its footprint. These developments are reflecting in the company’s financials. Future Retail’s stock has surged 128% between January 2017 and April 2017, according to Bloomberg.
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Baseball doesn't stop for tragedy. 'Com thang' is a popular practice in neighborhoods like Little Saigon. California can breathe a little easier -- for now. Since Trump's election, members of Congress report receiving more death threats than ever before. Baseball doesn't stop for tragedy. 'Com thang' is a popular practice in neighborhoods like Little Saigon. Thousands gathered in downtown Los Angeles to watch the Bat-signal light City Hall. (Francine Orr / Los Angeles Times) Thousands gathered in downtown Los Angeles to watch the Bat-signal light City Hall. (Francine Orr / Los Angeles Times) Air quality officials warned June 15 of “very unhealthy” smog levels in the coming days as a heat wave envelops Southern California. (June 16, 2017) (Sign up for our free video newsletter here http://bit.ly/2n6VKPR ) Air quality officials warned June 15 of “very unhealthy” smog levels in the coming days as a heat wave envelops Southern California. (June 16, 2017) (Sign up for our free video newsletter here http://bit.ly/2n6VKPR ) Republicans and Democrats joined forces to approve a sweeping sanctions bill that uses an array of financial penalties to punish Iran and Russia.
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FILE PHOTO: Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. By Robin Emmott and Angeliki Koutantou | BRUSSELS/ATHENS BRUSSELS/ATHENS Greece has blocked a European Union statement at the United Nations criticizing China's human rights record, a decision EU diplomats said undermined efforts to confront Beijing's crackdown on activists and dissidents. The EU, which seeks to promote free speech and end capital punishment around the world, was due to make its statement last week at the U.N. Human Rights Council in Geneva, but failed to win the necessary agreement from all 28 EU states. It marked the first time the EU had failed to make its statement at the U.N.'s top rights body, rights groups Amnesty International and Human Rights Watch said. A Greek foreign ministry official said Athens blocked the statement, calling it "unconstructive criticism of China" and said separate EU talks with China outside the U.N. were a better avenue for discussions. An EU official confirmed the statement had been blocked. Presented three times a year, the statement gives the EU a way to highlight abuses by states around the world on issues that other countries are unwilling to raise.