Amid a debate within the government on allowing foreign direct investment in multi-brand retail, the nodal consumer affairs ministry is insisting on a foreign direct investment cap of 49 per cent in the sensitive sector, sources said.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
The beauty and wellness formats will be started in Reliance Hypermarkets in May.
Mahindra & Mahindra said on Thursday it was in talks to assemble and sell sport utility vehicles in China, in what would be the first foray by an Indian automaker into the fast-growing Chinese market.
Zeev Leshem, Chief Operating Officer, Fortune online lottery, says the Indian online lottery market is big enough to accommodate at least five operators.\n\n\n\n
Jyoti Dey, known as J Dey in Mumbai's journalism circle, was one of the leading crime reporters in the city. He was shot dead by suspected members of the underworld near his residence at Powai on Saturday afternoon.
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.
The government on Friday proposed setting up a Rs 5,000 crore venture fund with SIDBI to enhance availability of equity to micro, small and medium enterprises.
'My parents once went to watch Rajkumar Kohli's Insaniyat Ke Dushman. In the film, I "rape" Anita Raaj. My father was very upset. My mother left the theatre. Years later, my father asked me to do a positive role with a heroine like Hema Malini. Unfortunately, I never got to do that. I played her brother-in-law in Satte Pe Satta. Now in Ramesh Sippy's Shimla Mirch, I am romancing her but my father is not alive to see it.' Shakti Kapoor, straight from the heart.
It is a myth that FDI in retail will kill at local kirana stores.
It was 5 pm on Wednesday when the power went out in my village in Tamil Nadu. While my wife confidently said that it would be back in an hour, little did we know it would take 22 hours for it to return!
It was 5 pm on Wednesday when the power went out in my village in Tamil Nadu. While my wife confidently said that it would be back in an hour, little did we know it would take 22 hours for it to return!
Stephen P Cohen, noted South Asia expert has described Pakistan as "America's most dangerous ally," and has said that while Islamabad "professes to be a democracy," it's most important allies are the most authoritarian regimes in the world, namely "the People's Republic of China, North Korea and Saudi Arabia."
"I don't think that it is government's view that the present inflation cannot be brought under control without FDI in multi-brand retail. We can bring inflation under control," Planning Commission Deputy Chairman Montek Singh Ahluwalia said.
The gems and jewellery sector in India, consisting of a large number of small and medium enterprises (SMEs), has started to shine again, according to a survey conducted by IndiaMART Knowledge Services (previously known as IndiaMART Research Unit).
A city court on Friday extended the bail of the principal and three teachers of La Martiniere School in connection with the death of 13-year-old student Rouvanjit Rawla. The four accused, including principal Sunirmal Chakravarthy, appeared in the city sessions court of Chief Judge Dipak Saha Ray for confirmation of the bail earlier granted by the chief metropolitan magistrate's court. The other teachers were the head of middle school, L G Ganian, David Ryon and Partha Dutta.
Economist S Janakarajan, in an interview to Shobha Warrier/Rediff.com warns that without proper infrastructure, India will never be able to build a market economy.
According to sources, the government will have to allow a minimum of 51 per cent foreign direct investment (FDI) in the multi-brand retail, the same as was permitted in single brand retail.
The government is likely to announce significant policy measures relating to allowance of foreign direct investment (FDI) in the multi-brand retail segment, even as the Department of Industrial Policy and Promotion (Dipp) under the Ministry of Commerce and Industry is giving final touches to the draft report prepared by an inter-ministerial committee.
India's Vikas Gowda became only the seventh Indian to qualify for the finals of a track and field event at the Olympic Games when he hurled the disc to 65.20 metres for automatic qualification.
Shikha Kapur, senior vice-president (marketing), UTV Motion pictures said, "We have signed exclusive deals with 11 brands to co-promote the movie. While no money will be exchanged, the companies would undertake initiatives to market their brands along with the movie. The total net worth of the deals stand at over Rs 10 crore (Rs 10 billion)."
Dravida Munnetra Kazhagam Member of Parliament Kanimozhi on Thursday said her party will come out clean in the Central Bureau of Investigation's probe into the 2G spectrum issue and voiced confidence that the party's ties with the Congress will not come under strain on the issue. "The law has to take its own course. It is a process to prove us not guilty. Definitely we will come out clean," Kanimozhi, who is the daughter of DMK chief M Karunanidhi.
There are four nodes and each of these, like Dronagiri, is also formally termed an SEZ, all part of the NMSEZ.
If you do not know much about Kasimbazar, I would not hold it against you; after all it has a population of only 10,000 and lies in one of the most neglected corners of the state of West Bengal.
The German auto major is also set to double its current production capacity in Chennai to meet the growing demand.
The $31-billion company, which sources around 30 per cent of its global consumption from India, had also criticised the Indian government for not opening foreign direct investment in single brand retailing.
Blunt manners, a willingness to adapt to local surroundings and the love of adventurous, attacking soccer make Dutch coaches favourites around the world.
Domestic chains rejoice at Cabinet's in-principle nod to 51% cap, most of them call it a positive development.
Beleaguered discount chain Vishal Retail on Monday said it would sell its retail trading business to Chennai-based Shriram Group, and the wholesale division to the private equity firm TPG, for a combined value of Rs 100 crore (Rs 1 billion).
Ivory Coast midfielder Cheik Tiote is close to signing a contract with English Premier League side Newcastle United, his Dutch club Twente Enschede said on their official website (www.fctwente.nl) on Saturday.
From sugar to car servicing firms, many companies, including Big Bazaar, Croma, Mahindra First Choice and Kaya Skin Clinic are offering discounts in a bid to ride on the festive fervour.
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.
Have committed themselves to investing Rs 1,85,000 crore since last year.
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.
Journalist with Mumbai-based tabloid MiD DAY has been shot at. J Dey, the injured crime reporter is admitted to Mumbai's Hiranandani Hospital.
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