Multibrand

• TMC give 72-hour deadline for rollback

  Trinamool Congress has given a 72-hour deadline to the government for rollback of FDI in multibrand retail and diesel price hike, said party leader Mukul Roy.

• Govt seen relaxing rules to keep IKEA from packing up

  IKEA has said it will need at least 10 years to fully comply with India's new sourcing requirements.

• As growth slows, India awakens to need for foreign investment

  Many India watchers say they remain unconvinced that Indian leaders can push through bigger changes - such as opening India to multibrand retailers like Walmart or revamping government policies that have prolonged market and agricultural inefficiencies by awarding $33.8 billion a year in subsidies for food, fuel and fertilizers. Much will depend on...

• FDI in India: US hails retail access

  The United States on Tuesday welcomed India's decision to open its retail sector to foreign firms, including Wal-Mart, saying the move would provide an economic boost.

• Profit cues: FDI in multibrand retail closes in, stake sale in Suzlon

  Nod to Cabinet note for foreign funds in multi-brand retail  The Finance Ministry has given its consent to the draft Cabinet note on opening the multi-brand retail space to foreign investment, The Finance Ministry has approved the recommendations of the Committe of Secretaries' which has suggested allowing upto 51% FDI in multi brand re...

• Global retailers keen to enter India: Kishore Biyani

  Future Group CEO Kishore Biyani today said a host of global retailers, especially from Asia,  are showing a keen interest in entering India. "A lot of foreign retailers are showing interest to enter India... While global retailers are interested in the hypermarket segment, Asian retailers are are keen on  electronics, departmental ...