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    Retail stocks gain 8-13% on FDI approval by cabinet

    Indian retailers finally get a chance to rejoice as the Cabinet has cleared the bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand.
    November 25, 2011 / 09:32 IST

    Indian retailers finally get a chance to rejoice as the Cabinet has cleared the bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand.

    The decision will be cheered by global retail giants such as Wal-Mart that have long been eyeing India's lucrative retail sector which is mainly populated by small

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