Damani, who is known to have made multiple trips to the US prior to launching DMart in 2002 to study Walmart Founder Sam Walton's retail philosophy, has religiously followed his strategy of offering EDLP and EDLC

A dozen experts interpret Budget 2020 and its impact

In the Resolving Insolvency rankings, India has accelerated to the 52nd position, moving up by 56 places, and in the Logistics Performance Index, it has improved its international ranking by 10 points

The government set an ambitious disinvestment target of Rs 2.10 lakh crore for the next financial year, which includes selling its stake in BPCL and insurance behemoth Life Insurance Corporation of India (LIC)

The industry has been in the midst of a protracted slowdown as consumers at large, faced with rising unemployment and an unsure future, have stopped spending

Sitharaman also said the government was strengthening provisions related to safeguard and anti-dumping duties. These measures permitted under WTO guidelines are imposed in cases when a surge in imports in specific instances is reported from member countries

One of the reasons the government would have given importance to the dairy sector is because of the shortage of milk and drastically low levels of SMP (skimmed milk powder)

Though India has an estimated 900-1000 domestic medical devices manufacturers, only 15 companies have a turnover of above Rs 200 crore

Budget 2020: Industry leaders are not optimistic about the disinvestment and asset sale plan of the government as fetching the right price could be difficult in the current turbulent market.

Budget 2020: Larsen & Toubro (L&T) shares fell 6.15 per cent on BSE to Rs 1284.95. The share price of Nagarjuna Construction Company (NCC) fell 6.76 per cent to Rs 51

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

Budget 2020: Industry body FICCI welcomed Budget 2020, saying this could be a Budget which is a step towards further empowering individual, industry and the nation as a whole

India's start-up ecosystem expectedly welcomed the move. Padmaja Ruparel, Founding Partner, IAN Fund, noted that the Budget represents a big win for the ecosystem

\"Building efficient warehousing announced by the Finance Minister on PPP model is likely to reduce logistics costs and enhance holding capacity,\" says Megha Maan of Colliers International India

The government clearly will be a gainer as the money will go directly to their coffers in terms of taxes while insurance and pension companies would be net losers

It's expected that the domestic capacity in FY20 would be low due to Jet Airways' shutdown, grounding of Boeing 737 Max aircrafts, and issues with the P&W engines for Airbus 320 neo planes (flown by IndiGo and GoAir)

Union Budget 2020: FM Sitharaman announced slew of measures to boost consumption and revive growth, including change in personal income tax rates, hike in deposit insurance coverage to Rs 5 lakh per depositor, listing of insurance behemoth LIC

Budget 2020: Finance Minister Nirmala Sitharaman proposed Rs 27,300 crore for development of industry and commerce

Union Budget 2020: The removal of capital gains on the sale of property, if it comes through can help revive the beleaguered real estate sector

Union Budget 2020: The government has been working towards ensuring measures to stimulate consumption and strengthen the economy but the FMCG expects more from the government in terms of budgetary announcements