Multi Retail Fdi

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  Piyush Goyal Warns Strict Action If Multi-Brand Retailers Flout FDI Norms

  Union Minister Piyush Goyal said that strict action will be taken against multi-brand retailers found violating FDI norms set for the e-commerce companies by the central government.

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  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.

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  Government Won't Revoke Decision on FDI in Multi-Brand Retail: Sources

  It does not, the sources said, want to "send a negative signal" that could dampen investor sentiment.

• Retail stocks fall after BJP says no to multi-brand FDI in manifesto

  Indiabulls Wholesale fell 7.6 per cent, while Titan traded 2.5 per cent lower. Future Retail traded 2.4 per cent lower, while PVR was down 1.8 per cent. Shoppers Stock shares were down 1.7 per cent.

• 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.

• Walmart India plans possibly at final stage says govt official: report

  Mr Price declined to comment after an hour-long meeting. The Walmart chief attended the meeting with two of his team members.

• Government blinks after WalMart's reported inability to meet norms

  WalMart had earlier reportedly told the government that it can procure only about 20 per cent from small industries against the 30 per cent procurement norm.

• Govt may tweak retail FDI norms to ease entry of foreign chains

  Besides, the Department for Industrial Policy and Promotion (DIPP) is also looking at other demands of retailers to relax mandatory investment norm in the back-end infrastructure, sourcing conditions and definition of MSMEs.

• Walmart, Tesco, others seek changes in multi-brand FDI norms

  Representatives of both foreign and domestic retail companies, including Walmart, Tesco, Carrefour, Bharti, Aditya Birla Group, Tatas, Reliance and Pantaloon, among others met Commerce and Industry Minister Anand Sharma here.

• Inter-ministerial meeting on raising FDI caps on July 1

  To promote India as an investment destination, Finance Ministry had favoured higher sectoral caps in almost all sectors, including defence, multi-brand retail and telecom.

• France's Auchan plans to set up 60 stores in India: Anand Sharma

  France-based Auchan, one of the world's largest hypermarket chains, has plans to open 60 stores in India, Commerce and Industry Minister Anand Sharma said today.

• 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.