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Cabinet eases local sourcing norms in single-brand retail

The Union Cabinet on Wednesday unveiled the second round of foreign direct investment (FDI) reforms by easing the 30 percent local sourcing norm in single-brand retail (SBRT) where domestic procurement for exported goods will now qualify for inclusion under...

Delhi Assembly flays Centre for 100 percent FDI in retail

The Delhi Assembly on Wednesday adopted a resolution criticising the Centre's decision to allow 100 per cent Foreign Direct Investment (FDI) in single-brand retail.Presenting the resolution in the house, Aam Aadmi Party MLA Somnath Bharti said the decisions of...

Cabinet approves 100 pc FDI in retail

In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT).Besides, the Government also decided that foreign institution investors and portfolio investors be...

CAIT opposes 100 pc FDI in single brand retail via automatic route

A trade body has strongly opposed the Centre's decision to allow 100 per cent foreign direct investment (FDI) in single brand retail through the automatic route.According to a PTI report: The Confederation of All India Traders (CAIT) said the...

Tim Cook sees India as one of the fastest growing markets for Apple

In an analyst conference call after announcing Apple's third quarter result recently, Apple CEO Tim Cook said India has become one of the most important markets for Apple and the company is looking forward to open its company owned...

Govt to review local sourcing mandate for single-brand retailers

There may be some good news on the cards for single-brand retailers. The Government may review the requirement for local sourcing of 30 per cent of the goods sold by overseas players, who have entered India through the single-brand...

Carrefour marks its entry into India

World's second largest retailer Carrefour has entered the booming Indian retail sector with its first wholesale cash-and-carry outlet in Delhi. The 5,200-sq.m store at Seelampur Metro Mall, inaugurated on December 30, will offer 10,000 food and non-food items to...
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Eatery chain Eve opens second outlet in Mumbai

The dining concept, parented by Monarch Liberty Hospitality, launched its first outlet in 2022Bengaluru: Monarch Liberty Hospitality’s dining concept...
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