Walmart is still waiting for the multi-brand retail sector to open for foreign direct investment.
Once it comes to power, the Bharatiya Janata Party's (BJP) focus areas would be infrastructure, agriculture, power and housing. Also on the cards is diversifying agriculture into energy and power sectors to help farmers generate more income, apart from reconsidering opening up the economy to multi-brand retail.
Moreover, it will take some pressure off Indian negotiators in the different investment and trade negotiating forums where the country is routinely castigated for its restrictive policies in key economic sectors.
After the UPA regime's move to suspend its decision on foreign direct investment (FDI) in multi-brand retail, the industry is turning nervous about the prospects of single-brand retail as well.
After the UPA regime's move to suspend its decision on foreign direct investment (FDI) in multi-brand retail, the industry is turning nervous about the prospects of single-brand retail as well.
To stay on the right side of the Trinamool Congress, the Centre has opened its coffers for West Bengal.
With her latest masterstroke, Trinamool Congress chief Mamata Banerjee has made Congress lose its credibility in the eye of the aam admi, says Sheela Bhatt
Opposition leader in the Rajya Sabha Arun Jaitley on Friday said the United Progressive Alliance government was trapped in its own web of "chakra-vyuha" with the ill-timed decision to allow foreign players in multi-brand retail. He said that the UPA had landed itself in a no-win situation, with no escape route.
The meeting came against the backdrop of members of DMK and Trinamool Congress joining opposition in demanding rollback and a discussion in Parliament under an adjournment motion.
Till the other day, the Indian National Trade Union Congress (INTUC) had made no secret of its opposition to foreign direct investment in multi-brand retail. But the trade-union wing of the ruling Congress party at the Centre has now had a change of heart.
The world's largest retail company, Wal-Mart was founded by Sam Walton in 1962.
The mood in the government seems to have hardened and they do not seem to be in a mood to budge on the issue. Prime Minister Mamhohan Singh indicated as much during his speech at a Youth Congress meet in the capital on Tuesday.
Nitish has warned that FDI in retail sector will destroy the local retailers across the country.
Besides Ezone, Future Group operates other retail formats like Pantaloons, Big Bazaar and Brand Factory.
The real estate industry is divided over the impact of the proposed foreign direct investment (FDI) in multi-brand retail.
With the Indian Government mulling over whether to allow foreign direct investment in multi-brand retail sector, here is a look at world's top 10 retail giants.
Commerce and Industry Minister Anand Sharma has asked global retail chains not to rush the government into allowing foreign direct investment (FDI) in multi-brand retail.
The Delhi high court's division bench has stayed the single bench order favouring the emergency award against the Future-Reliance deal and imposing a Rs 20 lakh fine on Kishore Biyani & other respondents. including FRL and FCPL.
The Delhi high court on Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commence giant Amazon.
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.
As and when the sector opens up to FDI, the world's second-largest retailer will automatically get equity in Pantaloon Retail or will enjoy right of first refusal, said the sources.
Emerging consensus is that all state capitals be covered.
Chennai-based electronics and consumer durables chain Viveks is the country's largest multi-product, multi-brand service centre. B A Kodandaraman, the 72-year-old chairman & managing director, knows it is after-sales service that will separate the men from the boys in the highly competitive retail sector, especially when big corporate houses are muscling their way into the segment.
The committee of secretaries (CoS) looking into the issue of allowing foreign direct investment (FDI) in the multi-brand retail segment is likely to meet this Friday to try for more agreement on the issue.
Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores.
As against the 2007 target of 10-15 stores in seven years, it is planning to touch around 25 cash and carry outlets in India by the end of 2012.
India, at present allows 51 per cent FDI in single brand retail and 100 per cent in the cash-and-carry .
In a 21-page discussion paper, it has sought comments from stakeholders on a dozen issues, ranging from allowing retail chains with foreign capital to open stores in select cities to government approval for opening each store, mandatory hiring of rural population and sourcing from small and medium enterprises.
Founded in 1924 by Arnold Schweitzer, Caran d'Ache is a product of Switzerland's long history of watch-making and jewellery manufacture.
A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.
The debate over whether to relax FDI norms in the Indian retail sector gained momentum in 2010.
The survey, titled 'Are You Being Sold?', focused on 14 multinational brands in IT hardware and software, as well as consumer electronic space across countries, including India, China, Singapore, Thailand, South Korea, Indonesia and Australia. The performance of sales staff was judged on the basis of the complete shopping experience, including a salesperson's response time, product knowledge and attempts to close a sale.
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After ending its wholesale partnership with Walmart, Bharti Retail has decided to merge with the Future group
The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country, according to the data available with the Ministry of Corporate Affairs.
Although the United Progressive Alliance government returned to power, minus the push and pulls of Left parties, it decided to keep western multi-brand retail chains off from the country's $450-billion retail market.
The retail companies are hoping that the Finance Minister Pranab Mukherjee would accord industry status to the sector and allow unrestricted foreign direct investment inflow.
The government decision to cap sales by cash-and-carry players to their group front-end companies at 25 per cent of overall sales can force these wholesalers to reduce their investment plans by around Rs 800 crore (Rs 8 billion) in the immediate term, consultancy firm KPMG said.
Foreign investment in multi-brand retail could help ease the problem of high food prices, an issue on which the government is fighting a major political battle, research firm Crisil said.
