Fdi In Multi Brand Retail

Government considering FDI relaxation in multi-brand retail policy

Sources said the government is considering permitting foreign supermarket players to open retail stores but only for sale of 'Made in India' products.

Walmart India head Raj Jain leaves, interim head named

Ramnik Narsey was named as the interim head of the India business of retail giant Walmart after Raj Jain left the company.

New FDI clarifications irk Indian retail bodies

Retail bodies in the country were miffed at the policy's ambiguity and untenable nature after the clarifications issued by the cabinet to DIPP's queries on FDI in multi-brand retail.

Global retail giants submit FDI queries to DIPP

CNBC-TV18's Nayantara Rai and Rituparna Bhuyan report, quoting sources, that Carrefour and Sainsbury have raised specific queries regarding FDI in multi-brand retail sector and commerce minister Anand Sharma has promised to answer and provide clarifications to these queries

Centre will pay heavy price for imposing FDI: Karat

Lashing out at the UPA on the FDI in multi-brand retail, CPI(M) General Secretary Prakash Karat said the Centre will pay a "heavy political price" for trying to impose it, which is "anti-national" and "anti-people".

Basu welcomes state autonomy in FDI in retail

Strongly advocating FDI in multi-brand retail in India, World Bank Chief Economist Kaushik Basu welcomed the decision to allow states to take a call on it.

Organised retail has benefitted economy: Anand Sharma

Allaying concerns over FDI in multi-brand retail, Commerce Minister Anand Sharma said organised retail in the country has been there for over a decade benefitting the economy.

FDI in retail: US welcomes Parliament's decision

The United States has welcomed the decision of the Indian Parliament to allow FDI in multi-brand retail, noting that this is a win-win for all from small businesses to farmers and consumers as well; besides deepening economic co-operation between the two countries.

FDI in retail: Who voted for whom

UPA Chairperson Sonia Gandhi was modest. Post the win in Lok Sabha in the vote on FDI in multi-brand retail, the Congress President described her joy in minimal words.

Industry hails Lok Sabha approval to FDI in retail

Indian industry today welcomed the the approval accorded by Lok Sabha to FDI in multi-brand retail, saying it will send a strong signal to foreign investors and enable the government to take up further economic reforms.

See no hurdle in passage of retail FDI: AK Bhattacharya

AK Bhattacharya, editor, Business Standard does not foresee any problem in the resolution being carried forward. Once the bill goes through this political process, it will reassure foreign investors that it would then be unlikely to be tweaked or reversed, says Bhattacharya.

Retail shares retreat on FDI Bill worry

A majority of retail stocks slipped at the end of the Tuesday's session on the BSE in reaction to the debate initiated by the Leader of Opposition in the Lok Sabha Sushma Swaraj on Tuesday on FDI in multi-brand retail.

FDI inflows jumps over two-fold to USD 4.67 bn in September

India's foreign direct investment (FDI) inflows more than doubled to USD 4.67 billion in September, according to an official of the Department of Industrial Policy and Promotion (DIPP).

Trust vote: BJP, AIADMK to meet as TMC stays defiant

The Bharatiya Janata Party (BJP) and the AIADMK are expected to meet on Tuesday to decide on their strategy over the no-confidence motion being sought by Trinamool Congress (TMC) chief Mamata Banerjee in Parliament against the government over price rise and FDI in multi-brand retail.

Speaker is key to House initiaitve on retail FDI: Dua

Former DIPP secretary Ajay Dua explains to CNBC-TV18 that the Lok Sabha Speaker is key to the House initiative on retail FDI.

Multi-brand retail FDI to encourage competition: CCI

Coming to the defence of the government facing stiff opposition over opening multi-brand retail to foreign investment, the Competition Commission of India today said that entry of big players in the retail market would encourage competition.

DMK will support resolution against FDI in retail: Karuna

In a jolt to UPA government, DMK, the second largest constituent in the central coalition, today said it would back any opposition-sponsored resolution in Parliament against allowing FDI in multi-brand retail even as two MPs from Jharkand withdrew support.

Walmart's backend experience to help India biz, says Price

Companies like Walmart have been waiting to get into the Indian market and FDI in retail gives them access to the organised sector in India. Scott Price, the CEO of Walmart Asia tells CNBC-TV18 about the company's plan for the Indian markets.

Fitch cuts India growth forecast to 6% on mounting risks

Fitch Ratings has cut its 2012 growth forecasts for India to 6 percent from 6.5 percent on deteriorating global growth outlook with diminished willingness or capacity to respond with domestic policy loosening, compared with 2009.

Walmart ready for Indian biz; to seek approvals soon: CEO

With the centre's nod for FDI in multi brand retail, retail giant Walmart is getting ready to roll out its stores in India. Walmart Asia President and CEO, Scott Price today said that the company will rework its joint venture with Bharti shortly and plans to apply to the DIPP for clearance over the next few weeks.

Modi attacks PM over FDI, illegal immigration

Gujarat Chief Minister Narendra Modi on Friday said that Prime Minister Manmohan Singh had "re-defined democracy" by turning the Indian government into a "government for the foreigners, by the foreigners and of the foreigners".

Bandh to protest fuel hike, FDI evokes mixed response

A bandh called by the BJP, the Left parties and UPA's outside supporter, the Samajwadi Party (SP), to protest diesel price hike and FDI in multi-brand retail on Thursday evoked mixed response with life being disrupted in some states and top leaders courting arrest.