IKEA, the world's largest furniture retailer, pushed ahead on Monday with a plan to open its first stores in India following the relaxation of rules on sourcing from local suppliers.

India last month

India's economic growth may have slowed to a near-decade low, but you wouldn't know it from the pace at which Britain's Costa Coffee and many other consumer-focused companies are expanding.

"The last

The government and IKEA Group are nearing a compromise over local-sourcing rules that have been delaying the Swedish retailer's entry into the country, a report said on Tuesday.

The government appears set to relax heavily criticised sourcing rules for retailers, anxious not to scare off IKEA — one of the few big name firms that has said it will invest in the country — or any others willing to follow.

Major global companies consider India their third most favoured destination after China and the United States, a U.N. report said on Thursday, and investment inflows could increase by more than 20 per

India has rebuffed a request by IKEA to relax rules on buying goods locally, a government source said on Friday, raising the prospect of a delay in the world's largest furniture maker entering the Ind

India has gone from the country set to overtake China to the country that can do nothing right. Now, a few contrarians see signs India is turning a corner.

India's problems from a record current acco

Coca-Cola Co announced a further $3 billion in investment in India over the next eight years on Tuesday as the world's biggest soft drinks maker seeks to expand in a country where its flagship brand t

The proposal of the Swedish furniture major IKEA to invest Rs 10,500 crore will have to be approved by the Cabinet Committee on Economic Affairs (CCEA) as FIPB can clear proposals worth up to Rs 1,200

Sweden-based furniture retailer IKEA has approached the Finance Ministry with a proposal to invest Rs 10,500 crore for setting up of 25 stores in single-brand retail in the country.

The IKEA Group, w