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Foreign Direct Investment

Secretaries’ panel clears 51 per cent FDI in multi-brand retail

A committee of secretaries (CoS) has recommended 51 per cent foreign direct investment (FDI) in multi-brand retail, albeit with some stiff riders, paving the way for the entry of some of the world’s biggest retailers such as Wal-Mart, Carrefour...

First-movers to hit the ground running in retail FDI

Multinational retailers and Indian entrepreneurs who have established back-end beachheads are expected to get the first-mover advantage as India prepares to welcome foreign direct investment in multi-brand retail. Last week, a committee of secretaries approved a proposal to allow...

Retail demand cheers Lohia Warehouse’s biz

Established to cater to the whopping demand from the retail sector, Lohia Warehouse – a part of the Lohia Group – has said it will double its stock keeping units (SKU) capacity to 25,000 by next year. It currently...

‘FDI in retail should start with minority participation’

C Rangarajan today said allowing foreign direct investment (FDI) in multi-brand retail should start with minority participation as was done in the case of insurance sector to help a large number of domestic retail organisations grow on the back...

Pricing to drive revenue growth for retail companies in June quarter

Retail companies such as Pantaloon Retail (India) Ltd and Shoppers Stop Ltd are likely to report sales growth of 12-16 per cent in the quarter ended June from a year earlier for stores that were open for at least...

Reliance Retail rejig: Ex-Walmart China execs Cissell & Gray to join as CEO & COO

The retail subsidiary of India's largest private company is set for a top-level churn for the second time in two years as the country gears up to open its food and grocery retail market to foreign companies . Reliance...

FDI in retail likely within weeks

After years of debate, foreign direct investment in retail may soon be a reality with a panel of secretaries expected to approve the framework for allowing global retail chains to set up shop in India later this month. Government...

Global fashion brands eye pacts with retailers for entry into India

The coming months could see a slew of high-end global fashion brands entering the $4.6 billion (around R20,700 crore) Indian luxury market, through partnerships with domestic retailers like Reliance Brands, DLF Retail Brands and others. According to industry sources,...

Limit presence, but FDI in retail is a must: Noel Tata

At a time when the issue of opening up multi-brand retail to foreign companies is again gathering momentum, Noel N Tata, the man who played a key role in evolving the retail blueprint for the Tatas, has said foreign...

Fashion retailer H&M in talks for India foray

Swedish fashion retail giant H&M has started work on entering India. The $15-billion Hennes & Mauritz AB, abbreviated as H&M , began business development talks with India's leading mall developers and corporates with interests in fashion as it looks...
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Latest News

IKEA FY24 loss widens to Rs 1,299 cr, revenue up 4.5% to Rs 1,809.8 cr

Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore...
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