The Washington-based USIBC represents some 350 American companies, including many in Fortune 500 list, like Boeing, Wal Mart, PepsiCo and General Motors and Lockheed Martin that do business in India.
Foreign investment in multi-brand retail could help ease the problem of high food prices, an issue on which the government is fighting a major political battle, research firm Crisil said.
Bharti Enterprises and US-based Wal-Mart Stores entered into a joint venture in August 2007 and started cash-and-carry stores named 'BestPrice Modern Wholesale' last year.
India, at present allows 51 per cent FDI in single brand retail and 100 per cent in the cash-and-carry .
The fear of being boycotted by large US stores like WalMart, JC Penny and GAP has led Indian apparel exporters to formulate a code to eliminate child labour from Rs 46,000 crore (Rs 460 billion) garment export business.
'The diplomatic observer in me rejoiced in the clear and unmistakable evidence about the spread of wealth to hitherto unconventional regions and individuals in a fast changing world.'
The Centre is mulling over creation of an independent body to regulate the country's vast retail sector. The retail regulatory authority would ensure a level playing field for indigenous retail traders if the government opens the sector to more foreign participation. The Ministry of Consumer Affairs and Food has convened a meeting on July 8 in Delhi to discuss this and other proposals and chart a comprehensive plan for the sector, according to the agenda paper of the meeting.
Making his ambitions clear, Ambani said the company is "well equipped to be a national leader".
Ahead of India are the best ever years in our country's history and Reliance is well-placed to be at the vanguard of India's epic leap forward, says Mukesh Ambani.
The Kolkata Police said it is yet to question the principal of La Martiniere for Boys School, a day after he expressed regret for caning a 13-year-old student who allegedly committed suicide.
The low cost in reaching out to customers is what drives the small entrepreneurs to social media, points out independent product designer, Neil Dantas.
There are 1,011 billionaires in the world this year.
Software giant Microsoft, Internet major Google and Apple have been named among 25 most inspiring companies in the United States in a list compiled by brand-consulting firm Inspiration Blvd.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
The U2 lead singer had emergency back surgery, to prevent possible paralysis.
Bharti Walmart, the joint venture between Bharti Enterprises and Walmart, the world's largest retailer, is also expected to open cash and carry stores in the South in the next 12-24 months.
Wal-Mart at present runs wholesale operations in India in an equal partnership with Bharti Enterprises.
NRI billionaire LN Mittal is among the front runners for a committee being set up to improve ethical behaviour of crisis-ridden Goldman Sachs, says a media report.
Foreign direct investment in the multi-brand retail may be allowed subject to a stiff condition that global retailers will have to invest heavily in the back-end infrastructure like warehousing and cold storage.
The judge rejected the argument saying there is no bona fide argument or evidence that Kasab did the act under duress or because of pressure from the LeT or its chief Hafeez Saeed. "There was no duress, no pressure on Kasab. Rather, when they were in Karachi their travel got delayed. At that time Kasab was anxious to attack India."
Savitri Jindal, Asia's richest woman and the widow of the founder of steel and power conglomerate O P Jindal Group, is the richest billionaire mother with a net worth of $12.2 billion.
The government on Tuesday indicated that it was open to changing FDI norms for multi-brand retail sector, saying policies 'are not cast in stone'.
The Bentonville-based retailing giant's statement comes in the wake of the Indian government considering easing norms for foreign direct investment in multi-brand retailing in India. Jain said the company wants the government to liberalise the FDI regime in retail in the country and has conveyed this to the concerned authorities several times.
Coimbatore Krishnarao Prahalad was insightful and definitely provocative.
New Moon is in imminent danger of being eclipsed by the DVD/Blu-ray Disc/DVD combo of James Cameron's Avatar which hits the stores April 22 to mark Earth Day.
The government decision to cap sales by cash-and-carry players to their group front-end companies at 25 per cent of overall sales can force these wholesalers to reduce their investment plans by around Rs 800 crore (Rs 8 billion) in the immediate term, consultancy firm KPMG said.
Willingness to bet on your team is perhaps the simplest way to win the lifelong loyalty of your people, and let the world know that you possess one of the rarest of all leadership qualities -- the ability to inspire unshakeable loyalty, a precious asset in today's dog-eat-dog world.
Tuesday's dastardly ambush of Naxals at Dantewada, which claimed the lives of 75 CRPF jawaans and policemen who were on their return path from an overnight search operation, raises many unanswered questions. Rediff.com's Sheela Bhatt speaks to local journalists, politicians as she tries to bring forth the flipside of the massacre.
Faced with stiff competition from rivals and in a hurry to draw footfalls, hypermarkets are indulging in intense price war.
Bharti-Walmart, the joint wholesale retail venture between Bharti Enterprises and the world's largest retailer Wal-Mart Stores Inc of the US, unveiled its sustainable agricultural programme at Haider Nagar village, near Malerkotla in Punjab.
'Pakistan has received assurances that no dispensation in Afghanistan will be inimical to Pakistani interests and that Pakistan will have a say in the determination of the future of the region. India would definitely not be part of the new order if the US could help it.'
New-age genetic research and technology brings new life to an old economy industry, one that is amongst the largest employers in the country.
With his last film, Lahore releasing on Friday, we remember the actor's most memorable performances.
Two Indian women including Savitri Jindal and Indu Jain have been named among the list of world's top billionaires compiled by the US magazine Forbes.
Opening up borders between India and countries like Bangladesh can make the North-East region the fulcrum of India's 'Look East' policy.
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
Rustomjee Business School, promoted by realtor Boman Irani, stands tall on S V Road in Mumbai's Dahisar area. Just a year ago, it was the site of an equally impressive Mega Mart promoted by Vishal Retail.
The annual study by Hay Group, in partnership with Bloomberg BusinessWeek.com, ranked the best companies for leadership globally and examined how those companies develop leaders.
A jury in Houston County, Alabama, recommended the death penalty for a second man in the murder of Prakash Shah at the Southeast Mini-Mart in Dothan, April 20, 2004.
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