FDI

According to news agency PTI, the Commerce and Industry ministry is not in favour of extending concessions to US-based iPhone maker Apple for setting up manufacturing unit in India as no other firm has asked for any incentive, Government...

Apple Inc officials met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally. According to sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek...

Clearing the air of rumors about Walmart scrapping plans to set up food-only stores in the country, Walmart India said that the company is yet to come up with a final decision and is still at an evaluation stage. Responding...

Online grocery store Bigbasket has sought Government's approval to infuse Rs 100 crore foreign direct investment to further expand its business. According to a PTI source: The company, which sells fruits, vegetables and other food products online, plans to use...

High vacancy in the post-GFC (global financial crisis) years, coupled with a poor consumer and retailer sentiment, led to many developers either deferring launch of proposed retail projects or shelving them altogether. Therefore, the current decade started with falling...

India is not considering allowing foreign direct investment (FDI) in multi-brand retail trading in the current circumstances, the government said on Wednesday. "At the moment, India can create several Walmarts of its own. We welcome anybody. But if some way...

Over the last two years, the Modi Government has come out with several changes in India's retail policies. From easing FDI norms to giving the green signal to the long-stalled GST bill, the past few months have witnessed the Government's determination to...

India has jumped 19 positions in the Logistics Performance Index (LPI) released recently by the World Bank. The country now stands at the 35th rank among 160 countries, up from the 54th position in 2014. The World Bank studies...

As per a report in PTI: Five companies including Apple India, Acer, Le Ecosystem Technology, Lenovo (India) and OPPO Mobiles have sought relaxation in the local sourcing norms to set up single-brand retail stores in India. Parliament was informed about the...

Fashion retailers have not only expanded in metros but have also moved into Tier II and Tier III cities as organised retail spaces started mushrooming up in smaller towns...