Last Updated: Sunday, May 11, 2014, 12:20
A new government is unlikely to bring any cheers to the domestic retail industry unless it spells out its foreign direct investment policy for the sector in which investors are holding back investments due to lack of clarity, industry experts have said.
Last Updated: Monday, December 30, 2013, 16:54
UK-based Tesco Plc's had proposed to enter the Indian multi-brand retail segment with an initial investment of USD 110 million.
Last Updated: Sunday, December 29, 2013, 14:43
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.
Last Updated: Thursday, December 26, 2013, 23:11
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.
Last Updated: Monday, December 23, 2013, 15:55
"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.
Last Updated: Thursday, December 19, 2013, 19:20
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.
Last Updated: Thursday, December 19, 2013, 18:24
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.
Last Updated: Wednesday, December 18, 2013, 11:00
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.
Last Updated: Tuesday, December 17, 2013, 16:16
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.
Last Updated: Tuesday, August 20, 2013, 15:14
The government approved a total of 18 foreign direct investment proposals worth USD 173 million in the single brand retail sector between April 2010 and May 2013.
Last Updated: Tuesday, June 18, 2013, 15:49
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers, traders body CAIT on Tuesday said.
Last Updated: Tuesday, April 30, 2013, 22:03
A four-member committee on clearing ambiguity in the definitions of two types of foreign investments - FDI and FII - is likely to finalise its report by the end of next month.
more videos >>