The world's largest retailer Walmart has termed India's decision to allow 51 per cent FDI in multi-brand retail as a ‘first important step’ and said it will study the finer details of the new policy t

The Lok Sabha was adjourned on Friday morning after the opposition vociferously protested the government's decision to allow 51 per cent foreign equity in the retail sector.

Prime Minister Manmohan Singh will hold a meeting with chiefs of all Indian airlines on Saturday to discuss the situation being faced by the cash-strapped carriers and other related issues.

Civil Avi

Trade Minister Anand Sharma said on Friday that the government's new policy to allow foreign supermarkets into the country would create 10 million jobs over three years, while not affecting smaller, d

Efforts are on to convince West Bengal chief minister and Trinamool Congress chief Mamata Banerjee to support FDI in multi-brand retail which is coming up for consideration of the Union Cabinet this evening.

India's cabinet on Thursday cleared a plan to open the nation's vast retail sector to global supermarket chains in a reform that could herald a consumer revolution, TV channels reported.

The cabinet

The government is likely to approve 51 per cent FDI in multi-brand retail on Thursday, a decision that will allow global mega chains like Walmart, Tesco and Carrefour to open outlets in India.

Incre

Government is likely to take a final decision on allowing foreign airlines to pick up stakes in Indian carriers in a 'couple of weeks', with Civil Aviation Ministry proposing a 24 per cent cap as a

The Finance Ministry has given its consent to the draft Cabinet note on opening the multibrand retail to foreign investment, an official said.

"Finance Ministry has given concurrence to the proposal

After whopping jump for two consecutive months, India's foreign direct investment declined by 38 per cent year-on-year in July to USD 1.09 billion, an official said.

In July 2010, the country attract