The two former partners own about 100 such properties; expansion of Best Price, EasyDay stores only after transactions linked to the split are over.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
The compulsions of domestic politics notwithstanding, India and Bangladesh script a new story in bilateral relations, say Nayanima Basu and Aditi Phadnis
US retail chain Walmart is awaiting a decision by its board decision on its India strategy, including its partnership with the Bharti group.
The one-year extension would give Walmart and its Indian joint venture partner in the cash and carry business, Bharti Group, more time to sort things out and decide on a retail foray together, people in the know said.
DLF says it has started the process of giving possession of housing units at New Town Heights project according to its commitment
Exports had risen over 11 per cent in July, year-on-year.
Govt mulls raising duty on non-essential goods with annual import bill exceeding $1 billion
Many economists say only a substantial rise from October would point to a real recovery.
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The rupee has fallen almost 20 per cent in the first four months of FY14, forcing the government to consider raising import duties on gold and non-essential luxury items.
This could mean an end to the talks for a possible partnership between the two firms in the multi-brand retail space -- less than a year after 51 per cent foreign investment was allowed in the sector.
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Depreciating rupee a silver lining for some businesses amid the economic downturn.
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Diplomatic channels activated to keep India eligible for soft loans from World Bank affiliate, though rules show it's probably time we made way for the needier others.
For the first time in the last eight years, India would not have any representative for the post of deputy director general.
The MFN (Most Favoured Nation, meaning non-discriminatory treatment for each other) issue is of prime importance to India, as it wants to have greater access in the Pakistani markets.
Walmart's US Senate filings on Indian market missing
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
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The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
Currently, India imposes 30-45 per cent duty on textile products from Pakistan.
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