In April retail sale in USA grew 1.2 percent from a year earlier, according to Thomson Reuters . Although main reason of the growth is attributed to Easter festival, warm weather and more than expected sales growth in Wal-Mart. Without Wal-Mart, retail sales fell 2.7 percent last month. Still, several clothing stores reported that their sales also grew last month — or at least fell at a slower pace than before.
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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