DIPP notifies easing of FDI policy in several sectors

DIPP notifies easing of FDI policy in several sectors

The Department of Industrial Policy and Promotion on Tuesday notified the recent liberalisation of FDI policy in several sectors including defence, retail and construction development sector.

74% FDI in private banks, 49% in regional Aviation; declares Arun Jaitley

Finance minister Arun Jaitley declares that there will be 15 sectors that will get FDI. He says that there will be 74% FDI in private banks, 49% in regional Aviation. Check out the full report.

Sustained low inflation necessary for lower cost of fund: RBI

Sustained low inflation necessary for lower cost of fund: RBI

Ahead of the bimonthly monetary policy review, RBI Deputy Governor Urjit Patel Thursday said sustained low inflation over medium- to long-term is necessary to bring down the cost of fund.

SBI steps up recovery of bad loans in retail, realty segments

SBI steps up recovery of bad loans in retail, realty segments

SBI is taking steps to clamp down on bad loans that include web-based tracking of assets and "regular calls" to stressed accounts in retail as well as real estate segments, Chairperson of the country's largest lender Arundhati Bhattacharya has said.

Amazon India launches Global Selling Program for businesses

Retail giant Amazon has launched Global Selling Program in India, opening doors for businesses in the country to export to markets across the world.

Walmart sees Bud driving domestic consumption, retail growth

Retail giant Walmart sees an increase in India's domestic consumption and retail growth over a period of time on the back of social security measures proposed in the Budget.

Govt to push for more retail participation in disinvestments

Govt to push for more retail participation in disinvestments

"We will meet Sebi to see if the time frame for opening of demat account can be reduced. It will help new retail investors to apply in the upcoming PSU disinvestments," a government official said.

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.

Delhi's Khan Market is India's most expensive retail location

National capital's upscale Khan Market continues to be the most expensive place to hire a shop in the country, even though its ranking worldwide has dropped by three notches to 31st position.

Wal-Mart scores solid Q3 earnings as US sales revive

Wal-Mart Stores, the world`s biggest retailer, posted solid third-quarter earnings Thursday helped by its ability to raise prices in the US market and gains in its small Neighborhood Market stores.

Mahindra bullish on e-commerce, plans retail expansion

Bullish on e-commerce potential in India, Mahindra group is set to expand in the segment with its specialty retail venture Mom & Me and also gearing up to adopt franchise model for the next stage of expansion.

India, Australia welcome signing of MoU to promote agriculture, retail

Education ministers of India and Australia have welcomed the signing of a Memoranda of Understanding between Australian and Indian industry and sector skill councils in agriculture, mining, retail and telecommunications, with media and entertainment working under an agreed engagement plan.

Bangladesh PM urged to ensure workers` safety, rights

More than two dozen Democratic lawmakers have urged Bangladesh to come out with a comprehensive plan to ensure workers’ safety and rights.

Infosys partners SAP for mobile apps to enhance retail sales

Country's second largest software firm, Infosys Tuesday said it has partnered with enterprise solutions provider SAP for developing mobile applications for the retail industry.

Retail sector can support existence of various formats: Experts

The country's retail sector provides enough opportunity for supporting both absorption of new players as well as expansion of the existing ones, experts have said.

C`garh Assembly passes resolution against FDI in retail

Chhattisgarh Legislative Assembly passed a resolution requesting the Centre to reconsider its decision to allow FDI in multi-brand retail.

AP likely to get FDI worth Rs 500 cr in retail business: Reddy

Andhra Pradesh Chief Minister N Kiran Kumar Reddy tonight hailed the pro-FDI vote in Lok Sabha.

LS approval of FDI will ‘change’ the country`s face: Khurshid

External Affairs Minister Salman Khurshid Wednesday said "this is a major step which will change" the face of the country.

FDI not in the interest of the country, says SP

Opposing FDI in multi-brand retail, Samajwadi Party on Tuesday said that the move is not in the interest of the country.

`Indian govt raised prospect of strong growth with new reform`

With a new round of reforms like allowing FDI in multi-brand retail, the Indian govt has raised the prospect of a continued strong economic growth, a US official said.