Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
It is the rupee's biggest single-day gain this year.
To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.
Govt keen to revive business sentiment in india.
Rejecting the demand of global retailers like Walmart, the government on Wednesday said there is no plan to relax the mandatory 30 per cent local sourcing norms for foreign players in the multi-brand retail sector.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
Local traders are evaluating other options rather in FDI.
India has been ranked as the most attractive investment destination in the world for the next three years.
The armed forces are quite happy with the attention paid to their concerns, reports R S Chauhan.
Hit by the new drug pricing policy and regulatory interventions, growth rate of the Rs 72,069-crore Indian pharmaceutical market has slowed down to 9.8 per cent in 2013 as compared to 16.6 per cent in 2012, says a report.
The Department of Industrial Policy and Promotion in its draft Cabinet has proposed to further tighten the rules for foreign direct investment in brownfield pharmaceutical sector.
But completion occupancy certificates to be mandatory.
The unexpected upward revision of the country's sovereign rating by Fitch today will strengthen the battered rupee which would also stem the fund outflow from the domestic market, Standard Chartered said.
Walmart had entered into a joint venture with Bharti Enterprises.
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
A bench headed by Chief Justice P Sathasivam said the issues raised in the plea need 'examination' and issued notice to the Centre, RBI, Central Board of Direct Taxes, the Institute of Chartered Accountants of India, PwC and the audit firms sharing its brand name.
'If credit is not available, people will postpone buying. That's what has happened.'
Nike has about 400 stores in India.
The bench of Chief Justice N V Ramana and Justice Pradeep Nandrajog issued notices to the Centre, Foreign Investment Promotion Board and Commerce and Civil Aviation ministries and sought their responses by October 30.
It is mind-boggling to find our prime minister putting exports on the back-burner, says Jayanta Roy.
Also the companies should be self-sufficient in product designing and have maintenance and life cycle support facilities.
Decision-making is stretched because of differences in views between ministries.
India has eased foreign direct investment rules for the construction sector, the government said on Wednesday, in an effort to attract more money into the country to build new hotels, housing and townships.
Despite all the incentives, the start-ups' mega event fell short of expectations
'Life will not improve overnight; it will happen in a gradual manner.'
Have committed themselves to investing Rs 1,85,000 crore since last year.
In yet another step to attract foreign money, the Reserve Bank of India (RBI) has allowed non-resident investors to acquire shares of listed Indian companies through stock exchanges under the foreign direct investment (FDI) scheme.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
Defending its decision to raise the number of seats under the India-United Arab Emirates (UAE) air services pact, the Civil Aviation Ministry, in a note to the Cabinet Secretariat and key ministries, has said no additional points of call have been allowed to the Gulf country.
Thailand, Indonesia want unconditional access to India's multi-brand retail space.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
India's plans to relax foreign direct investment (FDI) rules across a broad spectrum of industries have received the final approval from the Cabinet Committee of Economic Affairs (CCEA).
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
Recent easing of restrictions does not address the pain in the sector.
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Government seeks stakeholders' comments by Jan 30 on discussion paper.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Says licensing of new banks should be a continuous process instead of the current stop-go system
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