States have prerogative not to allow FDI in multi-brand retail: Government
September 18th, 2012 - 8:12 pm ICT by IANS
New Delhi, Sep 18 (IANS) Amid growing protests against its decision to allow foreign direct investment (FDI) in multi-brand retail, the government Tuesday said the implementation of the policy remained ... Read more...
Posted in Business |
India allows FDI in multi-brand retail
September 14th, 2012 - 7:31 pm ICT by IANS
New Delhi, Sep 14 (IANS) Just a day after announcing the steepest ever hike in diesel price, the government Friday took another politically contentious decision of allowing overseas investments ... Read more...
Posted in Business |
FDI pause wins peace in parliament, disappoints India Inc. (Roundup)
December 7th, 2011 - 8:57 pm ICT by IANS
New Delhi, Dec 7 (IANS) Thirteen days after what was seen as a major reformist move, the government Wednesday was forced to suspend its decision on foreign investment in ... Read more...
Posted in Business |
Chinese man vandalises 46 buses
December 4th, 2011 - 1:24 pm ICT by IANS
Beijing, Dec 4 (IANS) A man vandalised at least 46 buses following a dispute, disrupting bus services that ferried people to a supermarket chain in Shanghai, police said.The shuttle buses ... Read more...
Posted in World |
Shopkeepers protest but shoppers don’t mind foreign retailers (Afternoon Lead)
December 1st, 2011 - 3:35 pm ICT by IANS
New Delhi, Dec 1 (IANS) Protests over the entry of global retail chains such as Wal-Mart and Carrefour saw tens of thousands of shop-owners downing their shutters across India ... Read more...
Posted in Politics |
Odisha wants rollback of FDI decision
November 28th, 2011 - 7:02 pm ICT by IANS
Bhubaneswar, Nov 28 (IANS) Odisha Chief Minister Naveen Patnaik Monday criticised the central government for not consulting states before allowing foreign equity in the retail sector and demanded that ... Read more...
Posted in Uncategorized |
Carrefour opens second cash and carry store
November 28th, 2011 - 6:35 pm ICT by IANS
New Delhi, Nov 28 (IANS) French retail giant Carrefour Monday opened its cash and carry store in Jaipur, taking its total presence in the country to two outlets."This second opening ... Read more...
Posted in Uncategorized |
India’s retail stocks open strong after foreign equity nod
November 25th, 2011 - 11:19 am ICT by IANS
New Delhi, Nov 25 (IANS) Retail stocks in India opened on a strong note Friday on the back of the decision the previous evening to open up the sector further ... Read more...
Posted in Business |
BJP to intensify protests against FDI in retail
November 20th, 2011 - 3:27 pm ICT by IANS
Bhubaneswar, Nov 20 (IANS) The opposition Bharatiya Janata Party (BJP) Sunday threatened to launch nationwide agitations against the central government's move to allow foreign direct investment (FDI) in multi-brand ... Read more...
Posted in Business |
Finance ministry okays FDI in multi-brand retail
November 17th, 2011 - 9:21 pm ICT by IANS
New Delhi, Nov 17 (IANS) The finance ministry has approved the draft cabinet note that seeks to allow up to 51 percent foreign direct investment (FDI) in multi-brand retail, sources ... Read more...
Posted in Business |
‘Decision on foreign equity in multi-brand retail in six months’
June 3rd, 2011 - 5:20 pm ICT by IANS
New Delhi, June 3 (IANS) India's Chief Economic Advisor Kaushik Basu feels the cabinet will take a decision within six months on allowing foreign investment in multi-brand retail trade ... Read more...
Posted in Business |
French retailer Carrefour opens first wholesale store in India
December 30th, 2010 - 4:12 pm ICT by IANS
New Delhi, Dec 30 (IANS) The world's second largest retailer, the France-based Carrefour opened its first cash-and-carry wholesale store in India at the capital's eastern suburb of Shahadra Thursday and said it ... Read more...
Posted in Business |
Indian innerwear firm to make inroads into Iran, Iraq
December 17th, 2010 - 11:50 am ICT by IANS
By Sirshendu Panth
Kolkata, Dec 17 (IANS) Leading hosiery company Dollar Industries, which is behind the highest selling Indian innerwear brands in the Gulf, now plans to venture into Iraq, Iran and ... Read more...
Posted in Business |
Top retailers seek 51 percent FDI in multi-brand retail
August 12th, 2010 - 7:55 pm ICT by IANS
New Delhi, Aug 12 (IANS) Two of the world's top retailers, Walmart and Carrefour, vying for a cut in India's organised retail pie, have asked the government to allow up to 51 ... Read more...
Posted in Business |
World Footballer Messi visits earthquake victims in Haiti
July 16th, 2010 - 8:41 pm ICT by IANS
Port-au-Prince, July 16 (DPA) World Footballer Lionel Messi has visited earthquake victims in Haiti, the world's childrens' organisation Unicef said Friday.
The Argentine and Barcelona striker, who is a Unicef ambassador, visited the ... Read more...
Posted in Sports |
French company helps Indian farmers get better yield
May 11th, 2010 - 9:29 pm ICT by IANS
New Delhi, May 11 (IANS) French hypermarket chain Carrefour Tuesday launched a programme on the outskirts of the city to train farmers to increase the yield of their crops it will eventually ... Read more...
Posted in Business |
France’s Carrefour rules out Brazil exit, plans investment
February 15th, 2010 - 12:05 pm ICT by IANS
Sao Paulo, Feb 15 (IANS/EFE) French supermarket chain Carrefour has no plans to leave Brazil and will make more investments in the South American country, said the company's top executive in Brazil, ... Read more...
Posted in Business |
Haldiram - an empire under cloud
January 31st, 2010 - 2:38 pm ICT by IANS
By Sanjay Singh
New Delhi, Jan 31 (IANS) The popular "Haldiram" snack-food brand, in spotlight after a life sentence handed down to one of the co-owners, is a Rs.1,500-crore (Rs. 15 billion/US$300 million) ... Read more...
Posted in Business |
Hosiery firm expects turnover to cross Rs.280 crore mark
January 5th, 2010 - 6:30 pm ICT by IANS
Kolkata, Jan 5 (IANS) Hosiery company Dollar Industries expects to achieve a turnover of Rs.280 crore this fiscal, a senior official said Tuesday.
"The company's turnover was Rs.218.68 crore in 2008-09. It hopes ... Read more...
Posted in Business |
French firm organises camp for Haryana farmers
October 29th, 2009 - 11:48 pm ICT by IANS
Ambala, Oct 29 (IANS) French retailer Carrefour Thursday organised a farmer empowerment camp in Mithapur village in this Haryana district with an objective to train them for improving the yield and quality ... Read more...
Posted in Business |
Dubai’s Damas gets India’s nod for jewellery retail
June 9th, 2009 - 5:36 pm ICT by IANS
New Delhi, June 9 IANS) Dubai-based jewellery and watch trading company Damas has secured approval for a single brand retail joint venture in India with an investment of Rs.1.8 billion ($36 million), ... Read more...
Posted in Business |
Hundreds demonstrate against French retail giant in China
May 1st, 2008 - 4:38 pm ICT by admin
Xinhua
Beijing, May 1 (Xinhua) Hundreds of Chinese Thursday demonstrated in front of French supermarket Carrefour here raising slogans against the retail giant and demands for Tibet's independence. The protesters also raised slogans ... Read more...
Posted in World |
Protests against ‘Tibet independence’ in China
April 20th, 2008 - 7:30 pm ICT by admin
Xinhua
Beijing, April 20 (Xinhua) Demonstrations against "Tibet independence" continued Sunday in several Chinese cities. Demonstrators were seen in northwestern city of Xian, and the northeastern city of Harbin and eastern city Jinan ... Read more...
Posted in World |
Plan panel urges clarity on foreign investment in retail
April 2nd, 2008 - 11:43 pm ICT by admin
New Delhi, April 2 (IANS) The government should further clarify the vexed issue of allowing foreign investment in the retail trade, the Planning Commission said in a report Wednesday. Currently, India allows ... Read more...
Posted in Business |
Wal-Mart to source IT expertise from India
February 20th, 2008 - 8:00 pm ICT by admin
New Delhi, Feb 20 (IANS) US retail giant Wal-Mart Stores Inc Wednesday said it will continue to source technological expertise from India by working with the country's leading tech firms. "Today IT ... Read more...
Posted in Business |
Swedish home products retailer keen to enter India
February 20th, 2008 - 4:05 pm ICT by admin
New Delhi, Feb 20 (IANS) Swedish home products retailer Ikea is ready to enter the Indian market only if the government allows 100 percent foreign direct investment (FDI) in multi-brand retailing, said ... Read more...
Posted in Business |