Amancio Ortega beats Buffett to become the world's 2nd richest

Bloomberg's data notes that since last year, Bill Gates's net worth has decreased by $1.1 billion, while Ortega's has increased by an impressive $10.4 billion With a net worth of $71.5 billion,......

Foreign retailers may wait till 2014 for India action

If the retail sector rulebook was changed in 2012, it's only in 2013 that international chains and other foreign investors will get down to action. Apart from the slowdown in international......

Policy change triggers single-brand retail rush

After proposals by IKEA and Pavers, another bunch of foreign single-brand retail applications is on its way to India, prompted by easier sourcing and brand ownership rules.At least half a dozen......

IKEA might pass Zara barrier

Even as the Foreign Investment Promotion Board's (FIPB) rejection of Spanish fashion retailer Zara's proposal to bring a new brand into the country has made Swedish chain IKEA restless, it appears......