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Optimistic about Indian market despite changes in new FDI policy: Walmart

US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major's statement came...

Amazon, Walmart stocks stay subdued as new e-tail FDI norms kick in: Analysts

Stocks of global e-retailers -- Amazon and Walmart -- remained subdued on Monday, days after India's new Foreign Direct Investment (FDI) norms for e-commerce companies dented investor sentiments. In the early morning trade hour (US East Coast), shares of Walmart...

Evaluating changes in FDI rules to avoid ‘unintended consequences’: Amazon

US e-tail giant Amazon sees "very good long-term prospects" in the Indian market but is evaluating the recent changes in FDI rules for online marketplaces to ensure that there are no "unintended consequences" for customers and sellers on its...

Snapdeal, Shopclues support Feb 1 deadline for e-commerce FDI rules

Smaller e-commerce players like Snapdeal and ShopClues have written to the Government opposing any move to extend the February 1, deadline for online marketplaces to comply with FDI rules, and urged that pressure for such relaxations need to be...

Global business leaders raise concerns over e-commerce policy changes in India

Several global business leaders have raised concerns over the evolving regulatory challenges concerning the e-commerce sector in India and said they want a stable policy regime to help this space achieve its robust growth and investment potential. According to a...

Government may relax local sourcing norms for single-brand retailers to attract big investments

In order to attract big foreign players in the single-brand retail sector, the Government is considering measures to relax the mandatory 30 percent local sourcing norms by allowing them more time to comply with the regulations, sources told PTI. According...

New E-Comm Rules: Flipkart for broad market-driven framework

India’s largest online marketplace Flipkart has requested New Delhi that a broad, market-driven framework for the e-commerce industry be put in place after consultations with the relevant stakeholders. The request came a day after the federal government announced changes in the foreign direct investment...

New norms to ensure balanced growth of e-commerce: Snapdeal

The revised Foreign Direct Investment (FDI) policy on e-commerce would ensure balanced growth of the online industry with gains for both sellers and buyers, said leading e-tailer Snapdeal on Thursday. "The update to the FDI policy on e-commerce will ensure...

India eyes $100 billion FDI in next two years: Suresh Prabhu

India will aim to receive $100 billion in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate, Union...

No proposal to change existing FDI policy in multi-brand retail trade: DIPP Secy

The Government has no proposal to change the existing foreign direct investment (FDI) policy in the multi-brand retail trading sector, a top official said Thursday. "You know the multi-brand retail policy that exists today. There is no proposal for change,"...
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Mahindra Logistics profit falls 55% to Rs 10.15 crore in April-June

The revenue during the quarter under review, however, rose 10 per cent to Rs 1,156.66 crore from Rs 1,050.92...
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