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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
Scott Price is learnt to have conveyed to Sharma that Walmart remained committed to the India market.
Reaction to surge in applications, seemingly to hide identity as chit funds.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
The flood-hit religious destinations of Kedarnath, Badrinath, Yamunotri and Gangotri, where rescue operations are underway, would again record heavy rains from Thursday, the India Meteorological Department said on Friday. It also predicted "rather heavy showers" in Hemkund Sahib, another religious destination hit by flash floods and heavy rains, from Wednesday.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
Might discuss Ordinance route tomorrow, note circulated among ministers listing discussion topics.
An official said next week, the Department of Industrial Policy and Promotion was likely to issue clarifications sought by the sector on the government's multi-brand retail policy.
No clarity yet on whether multi-level structure would escape ban.
DEA objects to the company's 29 Indian stores having sub-brands as a rule violation; DIPP doesn't agree.
Patience has kept IKEA, the euro 27-billion Swedish retailer, going despite entry hurdles. So says Juvencio Maeztu, its chief executive officer for India.
Patience has kept IKEA, the euro 27-billion Swedish retailer, going despite entry hurdles. So says Juvencio Maeztu, its chief executive officer for India.
FDI policy for multi-brand retail has been a sore point for the retail chain.
Retailers can buy existing facilities if they spend $50 mn to create additional infra.
Officina Farmaceutica Italiana mainly deals in large-scale contract manufacturing for cosmetics and drug majors
The Committee, in an earlier report on the Direct Taxes Code (DTC) Bill, had favoured abolition of STT.
Expected to be over 100% of long average period.
Television owners might have to again shell out a licence fee- this time to fund state-owned Prasar Bharati, which runs Doordarshan and All India Radio, if a government committee has its way.
US-based CB Richard Ellis released a study yesterday showing office space take-up across key Indian cities had increased 37 per cent in the first quarter of calendar 2013, compared with the same period last year.
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