Analysts say July 23, 2011, was like a red letter day for foreign investors when the Committee of Secretaries, headed by Cabinet Secretary Ajit Kumar Seth, recommended opening up the multi-brand retail trade.
Flipkart, founded by two former Amazon executives, Binny Bansal and Sachin Bansal, has been a talking point vis-a-vis Amazon's strategy in India.
The company said these numbers represented the offers made to only engineering students at Indian campuses and the final hiring target for 2012-13 would be announced by the end of March.
Clause on 30% sourcing from Indian SMEs a particular concern.
It's not just the high street across India that will feel the pinch of the weakening rupee against the dollar.
Cabinet nod not required after commerce ministry approval.
International single-brand retail companies are likely to shift to a new fee-based local partnership format in India from the present equity-sharing model, once the revised policy on foreign direct investment in this segment takes effect.
Clients picky on various heads; vendors need to maintain share.
A rollback or dilution of the policy is not the only fear these multinationals have; they are also facing upfront political opposition.
The FDI floodgates have opened mega opportunities for not only brick-and-mortar retailers, but for their virtual peers as well.
Cap in single-brand retail likely to be 74%.
Amrop believes the economic slowdown will not have a long-term impact on its business, but maybe on technology.
Indiagames is a leading developer and publisher of mobile and online games.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
The officials say no "concrete move" has yet been taken to take the matter to the Union cabinet for approval after the recommendation of the Committee of Secretaries (CoS) on July 22 to allow 51 per cent FDI.
Mumbai-based business process outsourcing firm Firstsource plans to sell US-based MedAssist, a health care business it acquired in 2007. Firstsource had paid $330 million for the acquisition.
Unitech has already tied up with hospitality chain Carlson for the Gurgaon property, and with Marriott for both the Noida and Kolkata hotels.
DLF is to divest non-core assets, including hotels and plots of land, but not Hilton JV, Delhi Aman.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
The real estate industry is divided over the impact of the proposed foreign direct investment (FDI) in multi-brand retail.
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