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MNC e-commerce giants violating FDI norms: CAIT

 India's largest traders' association CAIT on Tuesday said few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector......

Walmart India head may meet Sitharaman

 The $476-billion retail chain, Walmart, has been seeking a meeting with the government since May but could not make much headway, according to sources. Under pressure from the US, the government......

Govt will not allow FDI in multi-brand retail

 The National Democratic Alliance government will not allow foreign direct investment in multi-brand retail, Commerce and Industry Minister Nirmala Sitharaman said on Monday. "We are clear that......

FDI in retail? After Tesco, India awaits more proposals

 Apart from UK-based Tesco Plc, the government has not received any other proposal for investment in the country's multi brand retail sector so far, Parliament was informed on Friday. "Government......

Why are global retailers in wait-and-watch mode for India?

 While the controversy over allowing or banning foreign direct investment (FDI) in multi-brand retail trading (MBRT) is keeping every political party on its toes before the coming Lok Sabha......

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