Retail Business News Round up

* Retail space supply in Malls up 78% y-o-y in 2013: CBRE.

* Foreign Cos wish to expand in India, labour cost most attractive asset: EY survey.

* Global retailers put cost cuts over innovation: TCS study.

*Composite caps may help retailers double overseas investment.

*As Microsoft-Nokia comes calling, smartphones to get cheaper.

* Nirav Modis Rs 50 cr diamond necklace to be the star of Sothebys auction.

* Louis Philippe plans exclusive jeans stores; to open 30 odd units over next 3 years.

* Gurgaon enters list of Towns of Export Excellence tag.

* Reckitt Benckiser to Invest 725 cr in Group Company.

* Hybrid consumer boosting growth in value and premium chocolate: Rabobank.

* FDI in food processing touches $2.15 billion.

* Starbucks growth cooled in latest quarter.

* Micromax commences Russian operations.

* Look at getting a 10% market share: Arvind Vohra, Gionee India.

* ZTE plans to manufacture its smartphones at the companys Manesar plant.

* PayPal challenger Stripe raises $80m.

* Akisai Food and Agriculture Cloud Services boost agriculture in Japan.