Multi Brand Retail

  • Exclusive: Walmart looking beyond multibrand retail 3 days ago

    President & CEO, Walmart India says that the company is looking beyond multi brand retail and plans to open 50 cash and carry stores by 2020. ...
  • Centre will not allow FDI in multibrand retail: Nirmala Sitharaman September 8, 2014

    New Delhi: The NDA government will not allow foreign direct investment in multibrand retail, Commerce and Industry Minister Nirmala Sitharaman said on Monday. "We are clear that FDI will not be allowed in multibrand retail trade. We shall not entertain FDI in MBRT. There is no...
  • FDI in Multi brand retail not welcome: Nirmala Sitharaman June 14, 2014

    Commerce and Industry Minister Nirmala Sitharaman said that FDI in Multi brand retail is not welcome. "We have initially made a very clear commitment that in multibrand retail, opposition is very clear. FDI in Multi brand retail is not welcome at the moment." She had called on Prime Minister Narendra...
  • Rajasthan government reverses Congress decision to allow FDI in retail February 1, 2014

    The Bharatiya Janata Party government in Rajasthan has reversed the earlier Congress regime's decision on allowing foreign direct investment (FDI) in retail in the state. In a letter to Union Minister of Commerce and Industry Anand Sharma, Chief Minister Vasundhara Raje said: "The (Rajasthan) government has studied the proposal and its...
  • Prithvi Reddy to head AAP's panel on economic policy January 19, 2014

    The ruling Aam Aadmi Party (AAP) in Delhi has formed a sevenmember team to formulate its economic policy ahead of the general elections. The decision to form a committee assumes significance as the party is under pressure from several quarters to make its stand clear on various issues ranging from foreign...
  • AAP downplays Captain Gopinath's remarks against decision on FDI January 16, 2014

    New Delhi: Aam Aadmi Party (AAP) today downplayed Air Deccan founder Captain Gopinath's comments against its government's decision to reject FDI in retail in Delhi, saying members can have different opinions. Senior party leader and member of the national executive committee Yogendra Yadav said that the party had over 1.5 million...
  • AAP government's decision to disallow FDI in Delhi bizarre: Captain Gopinath January 15, 2014

    New Delhi: Captain Gopinath, who pioneered the lowcost airline business in the country and had recently joined the Aam Aadmi Party (AAP), today said that the party must reconsider its decision on disallowing FDI in multibrand retail in Delhi. "The manner in which it has been done in Delhi, it will...
  • AAP's decision to disallow FDI in retail abrupt: Anand Sharma January 14, 2014

    New Delhi: Commerce minister Anand Sharma has criticized the Delhi government for withdrawing approval for FDI in retail. He said that the decision will have an adverse impact on creation of jobs and will hit the rural infrastructure. "50 per cent retail FDI inflows lead to creation of rural infrastructure...
  • FDI up 6 per cent to US $10.87 billion in January-June 2013 September 8, 2013

    New Delhi: Foreign direct investment (FDI) into India increased by 6 per cent year-on-year to US $ 10.87 billion during the first six months of this year. According to data from the Department of Industrial Policy and Promotion (DIPP), the country had received US $ 10.27 billion of FDI in January-June,...
  • Govt was forced to relax FDI norms as no investment was coming: Anand Sharma August 3, 2013

    New Delhi: Justifying UPA's decision to relax investment norms in multibrand retail and to raise FDI caps in several sectors, Commerce Minister Anand Sharma said that investors were not forthcoming. In an exclusive interview to CNNIBN, the Congress leader said that his party is not worried that this move may have...
  • UPA has surrendered before global retailers: BJP August 3, 2013

    BJP on Friday accused UPA government of surrendering before global retailers like Walmart by diluting the norms for FDI in multibrand retail and promised to do away with such "flipflop" in economic policy making if voted to power. BJP spokesperson Meenakshi Lekhi alleged that "specific lobbying" by global retailers had...
  • No change in conditions for FDI; if Walmart goes, others will come, says Congress July 23, 2013

    New Delhi: Congress on Tuesday ruled out any "change" in the FDI policy to suit any particular company saying if Walmart goes, others will come. "Why government should think about it? Goverment has not made the policy for one business house. Government has made a national policy and it is...
  • Walmart violated Indian rules governing foreign investment: CBI July 20, 2013

    Mumbai: Walmart Stores Inc violated Indian rules governing foreign investment, the Central Bureau of Investigation (CBI) said in a letter to a member of Parliament seen by Reuters. The CBI said in the letter that according to its analysis, Walmart's investment violated Reserve Bank of India guidelines and Foreign Exchange Management...
  • PM meets senior ministers to discuss increasing FDI limits July 16, 2013

    New Delhi: A day after RBI hiked bank rates, Prime Minister Manmohan Singh on Tuesday meet senior Cabinet minister to discuss the proposal to increases foreign investment caps in sectors like telecom, retail and defence. The government is firefighting to steady the economy with the slipping rupee, falling industrial output...
  • Govt panel for hiking FDI limits in defence, telecom June 19, 2013

    New Delhi: A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multibrand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes. "We have submitted the report to the Finance Minister. Action will be taken on it as...
  • Cabinet clarifies retail FDI norms, bans franchisee route June 6, 2013

    New Delhi: In response to the DIPP's plea for clarity on FDI policy in multibrand retail (MBR), the Cabinet issued clarifications which allow only 30per cent sourcing for frontend stores and forbid the MBR entity from conducting any other form of distribution. The sourcing conditions are only for manufactured storeproducts and...
  • UPA's retail FDI decision against national interest, says Opposition March 8, 2013

    New Delhi: Continuing their attack on the Congress-led UPA government for allowing FDI in multi-brand retail, opposition parties on Thursday accused it of working against the national interest, with the BJP asserting that it will oppose the move till its "last breath". "This FDI (foreign direct investment) is not in favour...
  • RBI lowers current fiscal growth projection to 5.5 pc January 29, 2013

    Mumbai: The Reserve Bank of India on Tuesday trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated earlier and said it was necessary to arrest the decline in growth as inflation risks moderate. "While the series of policy initiatives by the Government...
  • No violation of US laws in lobbying by Walmart: US December 11, 2012

    Washington: Amid controversy over reports that Walmart spent nearly Rs 125 crore for lobbying with lawmakers to get access to Indian market, the US has said the global retail giant did not violate any American law as far as the matter is concerned. "On the US side, I don't have any...
  • Govt manoeuvred votes on FDI motion, claims Oppn December 7, 2012

    New Delhi: Opposition parties on Friday cried foul after their motion against FDI in multibrand retail was defeated in Rajya Sabha, accusing government of "manoeuvring" votes by "colluding" with BSP and SP. Parties like BJP, CPIM, CPI and Trinamool Congress insisted that the victory for the government came even as...
  • India @ 9 with Rajdeep Sardesai December 5, 2012

    Watch today's top stories with CNNIBN EditorinChief Rajdeep Sardesai. ...
  • India @ 9 with Rajdeep Sardesai December 4, 2012

    Watch today's top stories with CNNIBN EditorinChief Rajdeep Sardesai. ...
  • FDI in multibrand retail to benefit farmers: Gogoi December 3, 2012

    Guwahati: Coming out in favour of Centre's decision to allow Foreign Direct Investment in multibrand retail, Assam Chief Minister Tarun Gogoi on Sunday said entry of big multinational companies would benefit local farmers. "The big companies will buy directly from local farmers and this will benefit the farm sector. FDI in...
  • Anna opposes entry of foreign companies in country November 30, 2012

    Jagatsinghpur: Anticorruption crusader Anna Hazare on Friday opposed entry of foreign companies in the country, including steel major POSCO, saying such investors were exploiting the country's natural resources for their own gain in the name of setting up industries. "A brake should be put on entry of all foreign companies including...
  • UPA govt enemy number one of youths: Tripura CM November 29, 2012

    Agartala: Tripura Chief Minister Manik Sarkar on Wednesday said the UPA government led by Manmohan Singh at the Centre is the 'number one enemy' of youths because it was not filling vacant posts and has stopped new employments. Sarkar told a rally by Democratic Youth Federation of India (DYFI) state...
  • Parliament adjourned after uproar over FDI issue November 26, 2012

    New Delhi: The storm over FDI in retail rocked Parliament for the third day in a row with a determined Opposition adamant on a discussion on the issue under a rule that entails voting. While Lok Sabha could not transact any official business because of uproar over FDI issue, the...
  • Azad meets Karuna on FDI issue ahead of allpart meet November 25, 2012

    New Delhi: Ahead of allparty meeting, which is slated on Monday, Union Minister Ghulam Nabi Azad on Sunday met DMK chief Karunanidhi to try and bring the ally on board on the issue of Foreign Direct Investment or FDI in multibrand retail. Azad said, "DMK has requests Centre to have a...
  • PM invites BJP leaders for dinner meeting today November 22, 2012

    New Delhi: With the Lok Sabha Speaker's allparty meeting failing to break the logjam on FDI in retail issue, Prime Minister Manmohan Singh has invited the top brass of main Opposition BJP for a dinner on Thursday to ensure smooth functioning of Parliament in the winter session. Singh had invited BJP...
  • Govt will reach out to DMK on multibrand retail: Sharma November 21, 2012

    On Board PM's Special Plane: Facing the prospect of a noconfidence motion, government on Tuesday said it will reach out to its sulking ally DMK to convince it about benefits of FDI in multibrand retail even as it accused those opposing the move of having an "agenda" or "lack of...
  • Govt taking steps to boost investor confidence: Montek November 5, 2012

    Hyderabad: Amid threats that India's credit rating could be downgraded and a slowdown in the economy, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said that the government has taken several steps to boost investor confidence and more such measures may follow. "Lot of examples can be given on the...