The government is on a roll and is making concerted efforts to bring India’s economic growth back on track.

Pantaloon Retail (India), the country’s biggest publicly traded supermarket operator, informed that its net profit has surged by 7.07 per cent to Rs 34.37 crore for the quarter ended March 31, 2009.

The company declared results for third quarter, because its financial year ends on June 30.

In a filing to the Bombay Stock Exchange, Pantaloon said that it had a net profit of Rs 32.10 crore in the same quarter ended March 2008.

After a long wait, Mahindra Retail, the part of diversified US$6.7 billion Mahindra Group, has finally rolled out its flagship store of Mom & Me in South Delhi.

The newly introduced flagship store of Mom & Me, spread over 10000 sq ft, is a one stop store specializing in the sale of a wide range of high quality products and value added services for 'Mother & Child'.

Delhi-based retailer, Vishal Retail may miss revenue targets for the financial year 2009 due to low sales following global financial crisis. Its sales may decline as consumer spending is continuously declining following fears of job cuts and grim job outlook.

Bharti Wal-Mart, a joint venture between Bharti Enterprises and US retail giant Wal-Mart intends to go ahead with its cash and carry stores launch, despite the current market instability.

The retailer plans to open 15 carry-and-carry centers in various states in seven years and employ 5,000 people.