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Foreign Investment Promotion Board

Amazon to get official nod for FDI in food retail

US retail giant Amazon's proposed US $500 million investment in retail of food products in India would soon get official nod, an official said. According to a PTI report: The proposal was pending before the Foreign Investment Promotion Board (FIPB)...

LeEco eyes FIPB approval to open stores

Chinese electronics firm LeEco is hopeful of getting Foreign Investment Promotion Board (FIPB) approval in two-three months to launch its own stores in the country. According to a report in PTI: "We applied for it (permission) about three weeks back....

General Budget and What it means for the Retail Real Estate Industry

Where real estate is concerned, the Finance Minister (FM) has proposed some pragmatic and much required changes in FDI policies for the real estate sector in the maiden Union Budget 2014-15. Towards that, the minimum requirement of the built...

Election Results: Impact On Real Estate

Investment SentimentAn improvement can definitely be expected in the near-term investment sentiment. This will have an impact on the investment growth within the GDP. As a testimony to that, industrial GDP (comprising of investment-heavy sectors such as mining, manufacturing...

Tesco, Walmart a step closer to Indian shores

In a sign that the government is moving towards allowing global supermarkets, such as Walmart, Tesco and Carrefour, to set up deep-discount stores, a committee of secretaries on Friday approved the One of the conditions is that at least...

Italian fashion brand Naracamacie keen to enter Indian retail market

Italian fashion brand, Naracamacie, is keen to enter the Indian retail market, and has sought government permission for the same. In an application made through a potential franchisee, Sagar Shwekramani of the UAE, Naracamacie has told the Foreign Investment...

PepsiCo to set up 4 plants

Having identified India as a rapidly-growing market, US food and beverages giant PepsiCo plans to pump an estimated Rs 700 crore into the country to set up four new plants here by 2012. It is yet to finalise the...

CCEA gives go ahead to TPG India’s investment in Shriram Retail

TPG India Investment, Mauritius-based private equity firm, has got approval from the Cabinet Committee on Economic Affairs (CCEA), Government of India, which has allowed the company to invest over Rs 8.05 billion to Shriram Retail Holdings.Speaking to media after...

Ministry approves more FDI proposals

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 29, 2008, finance minister P Chidambaram has approved 24 proposals of foreign direct investment (FDI) amounting to Rs 753.114 crore approximately.According to the...

M&S partners Reliance Retail to form Tapti

Aiming to establish Marks & Spencer as a major retail brand in India, the UK-based Marks and Spencer Group has entered into a joint venture with Reliance Retail, the retailing arm of Reliance Industries, to form Marks and Spencer...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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