Posts Tagged ‘Retail India’

Sourcing Norms for Single/Multi Brand Retail

Comments Off | 11-27-2012

Vide Press Note 4 (2012 series) issued on 20.09.2012 certain conditions relating to FDI in single brand product retail trading have been amended. The amended policy, inter-alia, includes the following condition in respect of proposals involving FDI beyond 51% in single brand product retail trading:-
“In respect of proposals involving FDI beyond 51%, sourcing of 30%

Tags: , , , ,
Posted in General, Retail Investments India | Read More

Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%

Comments Off | 03-18-2012

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

Tags: , , , ,
Posted in General, Retail Investments India | Read More

100 Per Cent FDI in Single Brand Retail Notified

Comments Off | 01-11-2012

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

Tags: , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

FDI Policy in Multi Brand Retail

Comments Off | 11-29-2011

Government’s attention is drawn to reports in some section of media on various elements of FDI policy in Multi brand retail:
The policy cleared by Union Cabinet on 24th November stipulates that FDI in multi brand retail will be allowed upto 51% foreign equity through the government approval route, subject to adequate safeguards for domestic stakeholders.
The

Tags: , , , , , ,
Posted in FDI news India, General | Read More

BenefitsPLUS acquires Snowball eRetail Services

Comments Off | 06-7-2011

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

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

Rexel buys a second Indian company, Ad Electronics

Comments Off | 05-24-2011

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

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

Warburg Pincus mulling Rs 150 crore investment in Indianmart.com

Comments Off | 05-9-2011

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

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

Reliance Equity Advisors invests Rs 120 Crore in Shankara Pipes India Ltd

Comments Off | 03-28-2011

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

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

Dutch consumer electronics maker Philips purchases leading Indian kitchen appliance maker Preethi

Comments Off | 01-26-2011

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

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

Karuturi Global Ltd to buy 54 per cent in Florista India Pvt Ltd

Comments Off | 12-10-2010

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

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

© Invest in India | Investinindia.com