Fdi In Multi Brand

• Rajasthan bars entry of foreign supermarkets

  Last month, the newly-elected Aam Aadmi (Common Man) Party government in the capital, New Delhi barred foreign supermarkets, opposing the efforts of Prime Minister Dr. Manmohan Singh to attract overseas investment and revive the economy.

• AAP shelves foreign supermarket entry into Delhi

  The newly elected state government in New Delhi on Monday barred foreign supermarkets from setting up shop, a blow to Prime Minister Dr Manmohan Singh's efforts to attract overseas investment and revive the economy.

• IKEA stores in India closer to reality, Wal-Mart still a far cry

  Be it Swedish furniture retailer IKEA's push to let it open cafeterias at its outlets as part of its Rs 10,500 crore investment in India or Wal-Mart's quibble over sourcing requirements for foreign multi-brand retailers, there was no end to pushing the envelope.

• Rupee could rise to 52 per dollar by end-2013: Credit Agricole

  Rupee could rise to 52 per dollar by end of 2013 and is Credit Agricole's top pick among the emerging markets, it said in a note.

• Wal-Mart's investment in Bharti arm as per law: Rajan Mittal

  Bharti Enterprises has rejected allegations that it had violated rules in the investment by Wal-Mart Stores Inc in its subsidiary. "(There is) no violation. It is as per the law of the land," Bharti Enterprises Vice-Chairman and Managing Director Rajan Bharti Mittal told PTI.

• FDI in multi-brand retail to revive sentiment, says ITC

  The Centre's decision to allow FDI in multi-brand retail would "revive the sentiment" and bring out the "animal spirits", ITC Group Chairman Y C Deveshwar said today.

• Trent, Pantaloon, Shoppers Stop soar on FDI in multi-brand retail hopes

  A Cabinet decision to allow foreign investors to own 51% in Indian supermarkets in November was held back.

• Govt has limited mandate, need to take others along: Pranab

  The statement assumes significance as some UPA constituents like the Trinamool Congress has forced the government to put on hold a number of decisions, including FDI in multi brand retail and roll back hike in rail fares.

• Retail stocks surge on approval for 51% FDI

  Retail stocks made handsome gains in early trade on Monday after a panel of secretaries approved 51 per cent foreign direct investment (FDI) in country’s multi-brand retail sector. At 1100 hours, Mudra Lifestyle was up 10 per cent while Koutons Retail was trading with 7 per cent gains. Vishal Retail and Cantabil gained 6 per cent. Sho...