Three months after the Foreign Investment Promotion Board put its entry into India on hold, US coffee retail giant Starbucks has sent a revised application to operate single-brand retail stores under a restructured entity.
Rating agencies think repealing the archaic law would help attain greater transparency and efficiency and reduce problems in accessing funds overseas.
Dealers expect 10-15% fall in April sales; car makers look at lowering total cost of ownership for consumers.
Sources said the acquisition might be one of the biggest deals till date in the domestic shipbuilding industry. A comparable new shipyard would have cost Rs 200-250 crore.
Joining the big league of the global hotel chains expanding in India, Hong Kong-based $2 billion JB group will set up as many as 20 hotels and shopping malls in the country over the next three years.
Move raises doubts about the viability of the business model in organised retail.
Road ministry proposes an amendment to Motor Vehicles Act.
Major shareholders to buy workers' shares in northern gardens.
Casual advertisers that bought spots for India's matches are certain to pull out, delivering a blow of Rs 125-150 crore (Rs 1.25-1.5 billion) to Sony Entertainment Television, the official broadcaster.
The Ahmedabad-based Claris Lifesciences has received the United States Food & Drug Administration clearance for its sterile injectable manufacturing facility near Ahmedabad.
KPIT Cummins Infosystems, a global IT consulting organisation, announced on Tuesday a definitive agreement with Cargill Ventures to issue shares of $4.5 million on a preferential basis, in addition to warrants convertible into shares of up to $4.5 m.
Iron ore prices are expected to fall in next couple of months following the imposition of duties on exports.
Real estate companies are rushing in on the opportunities galore around the two SEZs promoted by Reliance Industries.
With his Mumbai sojourn,Wal-Mart Vice-Chairman Michael Duke gave enough signals that Wal-Mart is testing waters before it actually enters the organised retail in India.
To begin with, Dawnay Day has entered into a joint venture with a Bangalore-based family to develop a mixed property development including office and retail on 16 acres with an investment of Rs 400 crore.
Continuing with its move to position itself as a beverage marketing company, Tata Tea is set to divest 80 per cent in its North Indian Plantation Operations, which is being spun off to a handful of investors and workers.
Small- and medium-sized realty firms are scouting for private equity funds to finance forthcoming projects as bank funds have dried up following concerns over high credit growth to the sector.
The Ruias, Anil Dhirubhai Ambani group, Hindujas and Vodafone are all believed to have put in their bids.
The Centre has asked the Maharashtra government to reduce the size of the Reliance Industries-promoted Mahamumbai SEZ as it involves acquisition of over 10,000 hectares of land.
The market for medium price segment flats, in the price band of Rs 40 lakh (Rs 4 million) to Rs 90 lakh (Rs 9 million), is tapering off in the major suburbs of Mumbai.
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