The meeting assumes significance as Swedish furniture retailer IKEA, which plans to invest Rs 10,500 crore (Rs 105 billion) to set up its own stores in India, had sought relaxation in certain conditions related to the mandatory 30 per cent sourcing from micro and small enterprises.
Real estate players say they are in talks with companies to build their customised stores in India.
However, leading real estate players like DLF and Unitech denied being in talks with any foreign brands.
At least half a dozen such applications, including those from Celio, Gruppo Coin and Artsana, are in the works and are expected to be sent to the government in a few weeks.
A total of Rs 396 crore has been mopped up, as on August 20 against Rs 407 crore collected in the same period last year. This was despite the expansion of the levy to online e-commerce players from this financial year.
The latest updates from the film industry.
Future's home retailing interests, including furniture and furnishings, are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail.
This week's digest of stories that are weird, true and funny.
Infosys Technologies has been ranked as the tenth best company in terms of leadership.
Tata group leapfrogged over 100 positions from last year's 124th rank in the annual 'Global 200: The World's Best Corporate Reputations' list, compiled by US-based Reputation Institute. The global list, which includes 10 other Indian companies, has been topped by Japanese auto maker Toyota, followed by US-based internet search giant Google, Sweden's Ikea, Italy's Ferrero and another American firm Johnson & Johnson.
The Cabinet approval would help more than 200 fashion and apparel brands who are lined up to enter India, including international labels such as Avva, Colin's, Damat, Tudba Deri and Dufy
Riding on e-commerce wave is the youngest state, which faces competition from neighbours.
The legendary film festival has a strong Indian flavour this year.
Reputation Institute releases its ranking of the popularity of 600 companies around the globe. On top: chocolate-maker Ferrero.
The US Trade Representative's (USTR) office will also conduct the Section 301 probe against nine others, including Austria, Brazil, Indonesia, Italy, Spain, Turkey, the Czech Republic, the UK, and the EU, for levying or considering digital services taxes "discriminating against US companies".
Still, the earliest India will get to experience Apple online will be early 2020 and the company's first fully-owned signature store should be up around 2022 -- almost two decades after it had opened its first store worldwide, writes Nivedita Mookerji.
Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers.
The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
Two French sports retailers - Go Sport and Decathlon - are all set for battle royal to grab market share in India. Both are competing with sports goods makers Nike, Puma and Adidas and footwear major Bata. While Decathlon is already in India for some time, Go Sport opened its first super store in Navi Mumbai recently.
Recent easing of restrictions does not address the pain in the sector.
Multinational consumer goods company Procter & Gamble has been named world's best company in terms of leadership followed by General Electric and Coca-Cola in the second and third place respectively, as per a Hay Group study.
Dogs are adding an additional bite to the ongoing pro-democracy protests in Hong Kong as the demonstrators blocking the central part of the city for about a week brought their pets into the agitation fondly calling them "democracy dogs".
Infosys aims to commission 55 MW of solar plants by end of 2016.
Nike has been present in India since 1996.
'Last time, there was an incumbent and a challenger. This year, the roles have been reversed.' 'The challenger is the incumbent and the ones ruling then are now the challengers.' 'So, the realities have changed and so have the electorate's expectations.'
Ashley Furniture Industries, which made a debut in India last month in Bengaluru, planning to open 100 stores in India over the next few years.
Relaxing FDI norms will provide a major impetus to employment and job creation.
India has not made the giant leap that was needed.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
10 images from around the world that show we live in a mad, mad world.
Policy constraints may prevent many of the global retail giants from reaching their full potential.There are too many restrictions right now in the sector and policy makers lack clarity.
'There is no audience anymore for my graphic novels. Few people seem interested in what I find interesting,' Sarnath Banerjee tells Uttaran Das Gupta.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Nike has about 400 stores in India.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
India Ic has pulled up its socks to perform even better in FY16.
T E Narasimhan/Business Standard reports from Chennai on how the Future group plans to shore up its small store network in the South.
Foreign retail chains, reluctantly allowed limited entry, have begun to make their initial moves and, like Ikea, intend to spend big money -- sometimes in the billions of dollars.
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