They are all foreign clothing brands who are bullish about the Indian retail market and have been making a beeline towards Indian shores. The reasons for the gold rush are apparent.
The company's second largest retail presence is in Japan with 23 stores. China currently has only 2 stores, both in Hong Kong.
Tax collections appear to be on a roll this fiscal
The US retailer hopes to triple its sourcing from India by 2010 and touch the $1 billion mark. The retailer has been running a sourcing operation, Target Sourcing Services/AMC, in India since 1975.
Foreign travels could come under closer watch of the income-tax department from the next fiscal year.
CA Computer Associates India Pvt Ltd, which has an approval for setting up an infotech SEZ in Ranga Reddy district of Andhra Pradesh, has informed the commerce ministry that it is withdrawing its application.
India and the United States are considering yet another initiative to boost bilateral economic relations. Both sides are now mulling a Private Sector Advisory Gr
While the high-end bikes will not enjoy any cuts on import duty, the commerce ministry has now mooted capping the number of such bikes to be imported in a year.
India has offered further pruning of its negative list of 560 items for Association of South East Asian Nations on which there will be no duty cuts
The next Budget is likely to see significant changes in the duty structure for the gems and jewellery sector
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