Single-brand retail: Apple resubmits proposal, Xiaomi applies

Single-brand retail: Apple resubmits proposal, Xiaomi applies

iPhone and iPad maker Apple has resubmitted its application for opening single-brand retail stores in the country as there were certain gaps in its earlier proposal.

FDI goes full throttle, spikes 114% in December

FDI goes full throttle, spikes 114% in December

India receives maximum FDI from Singapore, Mauritius, the Netherlands and Japan.

Commerce Ministry asks RBI, ED to probe if top ecommerce firms flouted rules

Commerce Ministry asks RBI, ED to probe if top ecommerce firms flouted rules

 The Commerce Ministry has requested the Enforcement Directorate and RBI to examine whether e-commerce majors Flipkart, Amazon and Snapdeal violated FDI rules by engaging in business-to-consumers (B2C) activity.

Any move to allow FDI in e-commerce will be opposed: Traders' Body

Traders' body Confederation of All India Traders reaffirmed it opposition to FDI in e-commerce amid reports that government may allow foreign investment in online retail

Not considering any plan to introduce FDI in e-com retail: Govt

Not considering any plan to introduce FDI in e-com retail: Govt

The ministry is holding stakeholders consultations with industry and states on the issues related with e-commerce such as its definition, said the minister.

Retailers body meets Nirmala on FDI issue

The ministry is also scheduled to meet chief ministers on July 15 to discuss the FDI issue.

Traders oppose FDI in retail, ecommerce; HC asks Centre to take views

The Delhi High Court on Wednesday asked the Centre to treat as a representation a plea of a traders association which is opposed to FDI in multi-brand retail and e-commerce.

'DIPP working on guidelines for e-commerce sector'

The government is aware of the issues between e-commerce retailers and brick-and-mortar outlets and it would "shortly address" this by evolving guidelines through FDI policy.

Walmart to open two wholesale stores in Andhra, Punjab

Walmart recently received all internal approvals for opening two new cash-and-carry stores in India, one in Vizag in Andhra Pradesh and second one in Ludhiana, their second store in the city in Punjab.

No change in stand on retail FDI, says Commerce Minister

Facing criticism on retail FDI issue, the government on Thursday sought to downplay the continuation of the policy permitting 51 percent FDI in the multi-brand retail sector saying the BJP's stand remains the same on the matter.

FDI increases 40% to Rs 1.76 lakh crore in FY15

There is no doubt that Select Committee will give overwhelming support to GST, Finance Minister Arun Jaitley said on Thursday.

Will not allow entry of FDI in Delhi's retail sector: AAP govt

 A day after the Centre released its consolidated FDI policy, the Delhi government on Wednesday said it will not allow entry of foreign direct investment in the capital's retail sector, saying that it will be detrimental to the interests of traders in the city.

'Indian eCommerce not a bubble, to grow to $50 billion by 2020'

Terming investor concerns on Indian eCommerce sector as "misplaced", brokerage firm UBS on Wednesday said that the 'etail' market in the country is well placed for growth and could be worth USD 50 billion by 2020.

Economic Survey makes a case for liberalising FDI in retail

The Economic Survey has made a case for liberalising FDI in retail, saying that it would help bridge investment and infrastructure deficits and improve supply chain management.

Larger consensus must for rethink on retail FDI: Jaitley

Jaitley maintained that the BJP's position remains the same on multi-brand retail FDI and his position was also the same.

Difficult to do business in India, government needs to change it: Walmart

The world's largest retailer also said its arm, Walmart India will focus on wholesale cash and carry business in the country currently and is not looking at multi-brand segment, where foreign investors are not allowed beyond 51 percent.

Eyeing big-billions in 2015, Govt rolls out FDI red carpet

With an estimated USD 25 billion worth FDI in its kitty during 2014, the government is eyeing a quantum jump in the foreign capital hitting Indian shores in the new year as it hopes to reap the fruits of further opening up of defence, railways and insurance sectors among others.

Retail grows to $560-bn in 2014; FDI hopes hang in balance

While the previous UPA government had allowed up to 51 per cent FDI in multi-brand retail, no foreign retailer apart from Tesco had approached the government for permission to set up stores to sell multiple brands under one roof.

Govt considering 6 FDI proposals in single-brand retail

In January 2012, India raised the FDI cap in single-brand retail to 100 percent from 51 percent. Around 18 proposals worth USD 173 million were approved between April 2010 and May 2013, as per the government data.

Government relaxes FDI norms for construction sector

In view of depleting FDI inflow in construction and real estate sector in last couple of years, the government has reduced the minimum floor area to 20,000 sq mt from the earlier 50,000 sq mt.