Government is making efforts to arrive at a broad based consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%.
The Union Finance Minister ShriPranab Mukherjee in his Budget speech in the LokSabha said that at present, FDI in single brand and in cash

Department of Industrial Policy and Promotion Ministry of Commerce and Industry notified the decision to allow 100 per cent FDI in Single brand retail today via Press Note No.1 (2012 Series). The Union Minister for Commerce Industry and Textiles said “Cabinet took the conscious decision to liberalise policy for FDI in

The decision of the Union Cabinet to permit FDI into multi-brand retail in the country will create 10 million new jobs including 6 million in the logistics sector alone, said Shri Anand Sharma, Union Minister for Commerce and Industry. Addressing a media conference at Chennai this afternoon he said the policy has to be viewed

According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence. The move gears up benefitsPLUS to take an even healthier slice out of the estimated Rs 47,000 Cr e-c0mmerce market.
benefitsPLUS offers services to over 100 major corporates across

Rexel, a global leader in the distribution of electrical supplies, announced Monday the acquisition of India’s AD Electronics.  Rexel entered the Indian market through the acquisition of Yantra Automation in January. The investment further strengthens Rexel’s footprint in the country with this new acquisition.
Based in Mumbai, one of India’s major industrial regions, AD Electronics is

According to the Economic Times (ET), Warburg Pincus may invest up to Rs.150 Crore in Indiamart.com. The deal may see an exit by BCCL, which had invested $3.5 million in Indianmart.com in 2007. Indiamart Intermesh is India’s largest online B2B marketplace for SMEs, connecting global buyers with suppliers.
Economic Times reported that the investment will be

Reliance Equity Advisors has invested Rs.120 Crore in Bangalore based Shankara Pipes India Ltd. The Bangalore business was incorporated more than ten years ago and is involved in the distribution of a variety of steel tubes and pipes, reported the Times of India. Shankara Pipes India is promoted by Sukumar Srinivas and has over 600

Japanese firm Arysta LifeScience Monday announced it has acquired a majority of the shares of Devidayal Sales Limited (DSL). DSL is a formulator and marketer of agrochemicals and micronutrients for the Indian and international markets. Operating from primary offices in Mumbai and Vadodara, India, the company has a distribution network of over 7,000 channel partners

Philips Monday announced it had purchased leading Indian kitchen appliance maker Preethi for an undisclosed amount. Royal Philips is a Dutch consumer electronics maker. The investment is aimed at turning the Dutch firm into a leader in India’s fast-growing market.
In a statement, Royal Philips Electronics said it has agreed to acquire the assets of the

In a bid to expand its business and offering in India, Karuturi Global Limited is to buy a 54 per cent stake in Florista India Private Limited. Florista India Private Limited is a chain of floral designing boutique stores across India. However, the deal was undertaken for an undisclosed amount. Karuturi reiterated that it plans