Kolkata: With key UPA ally Trinamool Congress averse to FDI in retail, Finance Minister Pranab Mukherjee on Sunday said the Centre is trying to build a consensus on it and other contentious issues. "We are working to build a policy consensus on a number of pending issues such as introduction of Goods and Services Tax, further liberalisation of FDI, including in retail, and deepening and strengthening of financial markets for...
04:33 AM, May 28, 2012
Kolkata: Union Finance Minister Pranab Mukherjee on Sunday said the UPA is trying to build a consensus on contentious issues like Goods and Services Tax and FDI in retail which faced strong opposition from Mamata Banerjee. "We are working to build a policy consensus on a number of pending issues such as introduction of Goods and Services Tax, further liberalisation of FDI, including in retail, and deepening and strengthening of...
10:00 PM, May 27, 2012
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav said on Saturday that a debate should be held on Foreign Direct Investment (FDI). Addressing a conclave organised by the Hindustan Times in Lucknow, he said if the FDI was against the interest of farmers, his government would never support it. Akhilesh reiterated development through PPP model to march ahead in the field of IT, power, health, transport, industry and other sectors. He...
10:36 PM, May 26, 2012
New Delhi: Amidst continuous depreciation of rupee and weak sentiments in the stocks market, the government is expected to soon push some of the key pending reforms like allowing foreign direct investment in multi-brand retail. "There is a sense of urgency in the government. This is clear from the yesterday's decision of steep hike in petrol prices. We can expect a decision on FDI in retail and aviation soon," sources...
12:35 AM, May 25, 2012
New Delhi: Having bitten the bullet on hiking fuel prices, the government is now looking at bringing reforms back on track. The government may bring Foreign Direct Investment (FDI) in multibrand retail and aviation soon. Commerce Minister Anand Sharma is likely to meet chief ministers of all states to address their concerns on multibrand retail. Some chief ministers believe FDI in retail will lead to losses for small traders. Both...
01:49 PM, May 24, 2012
New Delhi: India's consumer price inflation accelerated in April to 10.36 per cent, making life harder for the RBI as it looks to kickstart a flagging economy, government data showed on Friday. In March, consumer prices rose 9.47 per cent. Consumer price-based food inflation accelerated to 10.18 per cent in April from 8.22 per cent in February, driven by a rise in prices of vegetables, eggs and fish products. Inflation...
11:50 AM, May 18, 2012
New Delhi: The recently unveiled mid-range Android phone from Sony - Xperia U - is now available online for sale. Online retailers like Flipkart and Letsbuy are selling the Sony Xperia U smartphone at Rs 16,499 and Rs 17,399, respectively. However, the company said that it will (officially) announce the availability of the Xperia U handset sometime this month. The Xperia U was unveiled at the Mobile World Congress 2012,...
04:19 PM, May 07, 2012
US Secretary of State Hillary Clinton will be meeting West Bengal Chief Minister Mamata Banerjee on Monday. ...
09:01 AM, May 07, 2012
Kolkata: US Secretary of State Hillary Clinton will meet West Bengal Chief Minister Mamata Banerjee on Monday as part of her three-day visit to the country, during which issues like Teesta Water Treaty and FDI are likely to come up. The meeting with the chief minister, the first such exercise by any US Secretary of State, is considered important as the Trinamool Congress chief had effectively stalled the UPA government's...
07:20 AM, May 07, 2012
New Delhi: US Secretary of State Hillary Clinton has arrived in Kolkata from Dhaka on a three day visit to India on Sunday. She waved to the waiting camerapersons at the airport and posed for photos before boarding a limousine which headed for her hotel in South Kolkata amid tight security. The high point of Clinton's visit, her second to the city and first after becoming the US Secretary of...
01:11 PM, May 06, 2012
New Delhi: US Secretary of State Hillary Clinton will arrive on Sunday in the country on a three day visit to Kolkata. She is expected to meet West Bengal Chief Minister Mamata Banerjee at Writers' Building on Monday. Reports say that Hillary will have a 45 minute long meeting with Mamata. The US says Hillary is keen to explore investment and trade opportunities in West Bengal as well as gauge...
07:33 AM, May 06, 2012
New Delhi: The CPM on Thursday asked the government to refrain from encouraging Foreign Direct Investment (FDI) in multi-brand retail and pharma sector, saying this could affect the commoners directly. "The ministry is trying to allow FDI in retail. Please don't do that. It also wants to encourage FDI in pharma sector, we ask them not to do so," Saidul Haque (CPM) said, initiating the discussion on the demands for...
02:26 AM, May 04, 2012
New Delhi: The retail inflation for industrial workers stood at 8.65 per cent in March, higher than 7.57 per cent in February due to a spurt in food prices. "The point to point of inflation based on CPI-IW also increased from 7.57 per cent in February to 8.65 per cent in March," a Labour Ministry statement said. The retail inflation measured in terms of All India Consumer Price Index (CPI-IW)...
04:59 AM, May 01, 2012
Mumbai: Tata Group chairman Ratan Tata along with his designate successor Cyrus Mistry launched an e-commerce portal for the group's retail arm Infiniti Retail which runs the consumer durables and electronics chain stores under the Croma brand. The move comes amidst the fast-growing e-commerce space attracting funds from private equity and venture capital investors. "With the higher penetration of Internet connectivity, online sales are catching up in a big way....
11:33 AM, Apr 24, 2012
Mumbai: Making a case for opening up the multi-brand retail and the atomic power sectors to foreign investments, an RBI study on Wednesday said policy uncertainty is partly responsible for slowdown in FDI into the country. "The government should consider allowing foreign investment in sectors such as multi-brand retail and atomic power, a globally preferred FDI sector," the Reserve Bank paper on 'Foreign Direct Investment Flows to India' said. The...
02:16 AM, Apr 12, 2012
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
