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Government notifies changes in FDI policy

The government today notified changes in the foreign direct investment (FDI) policy in sectors including pharmaceuticals, defence and single-brand retail. These decisions were announced earlier in the week with a view to make India more investor friendly and an attractive...

FDI will kill Indian brands, says Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee has reiterated that her Government will continue to oppose foreign direct investment (FDI) in various sectors, including pharmaceutical and agriculture, as it will kill the Indian brands. "I am not against people getting jobs,...

FDI in retail: Milestones from 2006 to 2016

Making India the most open economy in the world, Modi Government recently announced its second major reform in FDI soon after its radical changes announced in November last year. The Government, since the beginning, has been taking steps to boost FDI in...

Apple needs to apply afresh to open retail stores in India

US technology giant Apple Inc will have to re-submit its application for opening single brand retail trade stores in India after the recent changes in the FDI policy. Issues concerning cutting edge technology will be settled by the concerned administrative...

India announces sweeping reforms to FDI rules; Apple, IKEA to benefit

In what is being called as a major reform push, the Government on Monday eased foreign direct investment (FDI) norms in pharma, aviation, food processing and defence sectors. It has also cleared the way for Apple to open stores in the...

Brooks Brothers expand retail footprint in India, opens 10th store

American men's clothing brand, Brooks Brothers has opened its 10th store in India and first store in Noida. Spread over 2,000 sq. ft. area on the ground floor of Mall of India, Noida, Red Fleece store will offer both...

100 pc FDI permitted in online retail as per new rules

The Centre informed Delhi High Court on Friday about the press note it had issued in March this year. The note made it clear that 100 per cent foreign direct investment (FDI) via automatic route will be allowed in...

DIPP moves Cabinet for 100 pc FDI in processed food retailing

The Cabinet will soon take up the proposal to permit 100 per cent foreign direct investment (FDI) in food processing sector through the Government approval route. The Department of Industrial Policy and Promotion (DIPP) had proposed to allow FDI in marketing...

Reforms can attract UK investments into food sector

Policy reforms like liberalisation of FDI in multi-brand retail and implementation of GST can attract investments from UK companies into the domestic food supply sector, according to a report titled, India-UK collaborations and investments in food supply chain, prepared...

Walmart to evaluate opportunities in processed food retail

With India allowing 100 per cent FDI in processed food retailing, US retail giant Walmart said that it will evaluate opportunities in the segment while it gears up for the next phase of opening up of new cash and...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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