Moneycontrol PRO

business

FIPB clears IKEA's bid to invest in single-brand retail

Government's single-window body to clear foreign investment proposals, FIPB, today cleared Swedish furniture major IKEA's Rs 10,500-crore project, the largest FDI in single-brand retail so far.

first published: Nov 20, 2012 05:47 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347