The reports by ICRIER on impact of organised retail on neighbourhood stores and NCAER on FDI in multi-brand retail were originally expected to be submitted by February, but were later postponed to April. "We are expecting the two reports to be given to us soon, they (ICRIER and NCAER) have asked for time extension. I think they have asked time till July," Minister of State for Industry Ashwini Kumar told reporters on the sidelines of a CII seminar in.
In a major expansion into sportswear and lifestyle wear segment, the Kumar Mangalam Birla-led Aditya Birla Fashion & Retail has signed a long-term licensing agreement with Authentic Brand Group of New York, which has the marketing and branding rights of Reebok, to run the operations of the global sportswear, athletic and lifestyle major in the country and ASEAN markets. The new agreement between the largest domestic multi-brand fashion retailer and Authentic Brand is an extension of their existing relationship as ABFRL already markets and sells some ABG brands like Forever 21. The agreement follows the global transfer of ownership of the Reebok brand from Adidas to ABG, which is expected to close in the first quarter of 2022.
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.
'The trading community will be a priority for Modi when he forms the next government.'
The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the commerce ministry seeking "necessary action" against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.
Leader of the Opposition in Lok Sabha Sushma Swaraj on Tuesday night tweeted that her party was opposed to the ordinance approved by the union cabinet and "we request the President not to sign this ordinance".
.jpg)
Traders were up in arms, fearing huge job loss if Walmart was to enter.
Walmart acquired Bharti's 50 per cent stake in the wholesale joint venture.
After ending its wholesale partnership with Walmart, Bharti Retail has decided to merge with the Future group
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Amazon has filed a legal challenge at the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) suspension of the US e-commerce giant's 2019 deal with Future Retail (FRL). Amazon has challenged the CCI order on at least five grounds, and the matter is likely to be listed this week, according to the sources. Parallelly, Amazon's Indian unit has approached the Supreme Court against a halt on an arbitration case against Future Retail's (FRL) asset sale to Reliance Industries (RIL).
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
'We do realise it is time to have a larger ambition.'
The company is not holding plans for clarity on policy.
Right marketing and product strategy have helped Falguni Nayar build a beauty retail business.
Instead of announcing new schemes, focus will be on those already announced and key sectors.
US retail chain Walmart is awaiting a decision by its board decision on its India strategy, including its partnership with the Bharti group.
The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country.
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.
India's exports are showing signs of improvement as the contraction in outbound shipments in June so far has come down to about 10-12 per cent as compared with 60 per cent in April, Commerce and Industry Minister Piyush Goyal said on Monday. Declining for the third straight month, In "Currently we are about 10-12 per cent down in June. So in a sense, we have reached up to 88-90 per cent of the level of exports that we had in June 2019 in the current month in the first two weeks. I am awaiting the data for third week (of June)," Goyal said at a CII function.
Taking advantage of the absence of Nestl's Maggi noodles, Patanjali launched its own atta noodles last month.
Since allowing FDI in multi-brand retail has been left to the states, Indian companies may not benefit as foreign investors are wary of the politics.
The one-year extension would give Walmart and its Indian joint venture partner in the cash and carry business, Bharti Group, more time to sort things out and decide on a retail foray together, people in the know said.
Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
After supermarket giant Walmart, it is online retail major Amazon which has begun lobbying with the US lawmakers to seek their support for facilitating its "foreign direct investment in India".
The latest cash-and-carry or wholesale outlet, for selling products from grocery to apparel and consumer electronics to businesses, offices and organisations, is coming up in Agra by the middle of 2015, it is learnt.
It entered India in 2006, with the aim of tapping the promising consumer market.
Retail giant Tesco will make foray into Indian retail market as it has signed an agreement with Tata Group-led Trent.
Sources estimated the number of employees asked to leave because of downsizing stands at about 100.
Auto, tourism exceptions but major sectors otherwise saw decline in FY13 inflows.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
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.
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.
Decision-making is stretched because of differences in views between ministries.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
>Gadgets that make kitchen work easier and faster have gained momentum in the lockdown.
Towards the close of 2013, the finance ministry approved the proposal of UK-based Tesco to invest $110 million in opening up of multi-brand retail stores in the country in partnership with Tata Group firm Trent.
Foreign direct investment (FDI) in India has declined by six per cent to $5.47 billion during January-March quarter of the current calender year even as government is making efforts to promote the country as an investment destination.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances