Portfolio investors can invest up to 49% in retail, e-comm

With the introduction of composite cap in foreign investment policy, portfolio investors can invest up to 49 percent in multi-brand retail and e-retail companies without government approval, an official said.

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.

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.

FDI in multi-brand retail remains a concern, says US expert

One of the big concerns that investors in the US have about India is lack of decisiveness on FDI in multi-brand retail, says a US expert on India.

Congress hits back at Jaitley, says BJP disrupted Parliament when in Opposition

Hitting back Finance Minister Arun Jaitley for accusing it of being obstructionist in Parliament, Congress on Sunday said it exposes BJP's "hypocricy and double standards" as the party had frequently "derailed" legislative business while it was in Opposition.

New govt plans to liberalise FDI policy

Prime Minister Narendra Modi is expected to unveil his top 10 policy priorities on Thursday.

Govt should not rescind current FDI policy in MBR

Noted economist T N Srinivasan has advised the newly elected government not to rescind the current FDI policy of allowing foreign investment in multi-brand retail.

India's decision on FDI in multi-brand retail to be respected

The indication by the BJP government not to allow multi-brand retail by foreign players, was to be respected, British Deputy High Commissioner Scott Furssedonn-Wood said on Wednesday.

Nirmala Sitharaman says no to FDI in multi-brand retail

Reaffirming BJP`s stand on FDI in multi-brand retail, new Commerce and Industry Minister Nirmala Sitharaman on Tuesday indicated that foreign players will not be allowed to open mega stores in the country as it may adversely impact the small traders and farmers.

'Rajasthan govt decision on retail FDI to dent investor confidence'

Industry body Assocham on Saturday expressed serious concern over the withdrawal of FDI policy in multi-brand retail by the Rajasthan government and said the decision would dent the confidence of global investors.

FIPB approves Tesco's multi-brand retail offer to enter India

UK-based Tesco Plc's had proposed to enter the Indian multi-brand retail segment with an initial investment of USD 110 million.

FIPB to decide on Tesco, HDFC Bank,Vodafone proposals Monday

The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, is also scheduled to take final call on Vodafone's Rs 10,141 crore FDI proposal to buy out minority shareholders in its Indian arm.

FIPB to take up Tesco's multi-brand retail proposal on Dec 30

If the application is approved, Tesco will pick up a 50 per cent stake in Trent Hypermarket Ltd, a wholly owned subsidiary of Trent Ltd, a Tata group company.

Another European major to come into multi-brand retail: Sharma

"In multi-brand retail trading, the first (application) has come. There will be more and I think another European major will come," Commerce and Industry Minister Anand Sharma said here.

Tesco says India investment based on business considerations

UK-based retailer Tesco's decision to apply for opening multi-brand retail stores in India in partnership with the Tata's has been based on business considerations and not driven by any "external pressure".

More proposals in multi-brand retail expected: Anand Sharma

After more than a year since multi-brand retail segment was opened to foreign capital, Commerce and Industry Minister Anand Sharma Saturday said that more proposals for foreign investments into the sector is expected before the end of the current fiscal.

Expect more global chains in multi-brand retail: Sharma

The UK-based Tesco has applied to the Department of Industrial Policy and Promotion (DIPP) for investing USD 110 million to engage in multi-brand retail trading in partnership with Trent Ltd.

Tesco to take India plunge after political assurances

The decision marked a victory for the Congress party in securing its first foreign investment victory after staking its political survival on reforming the supermarket sector.

Trent surges nearly 11% as Tesco applies to open supermarkets

After surging 18.19 percent to Rs 1,260.65 in intra-day trade on the BSE, the stock finally ended at Rs 1181.15, up 10.74 percent.

Tesco likely to submit application for multi-brand retail

UK-based retail major Tesco Plc is expected to soon submit the first application for setting up multi-brand retail stores in the country, sources said.