With the government still not decided about allowing foreign direct investment (FDI) in multi-brand retail, Future Group founder and chief executive officer Kishore Biyani has said its implementati

UPA key ally Trinamool Congress on Thursday strongly opposed allowing FDI in key sectors like retail, insurance and aviation arguing that it would be harmful for the people of the country.

"We ar

India has received six proposals from global single-brand retailers seeking permission to own 51 per cent of their operations in the country, the commerce ministry said on Monday.

The government is committed to opening its retail sector to foreign investment and will not reverse its stance, Trade Minister Anand Sharma said on Thursday, declining to say when the long-delayed ref

Shares of retailers fell sharply on Monday after a key ally of the ruling Congress party voiced fresh opposition to government efforts to open India's $450 billion retail sector to foreign supermarkets like Wal-Mart stores.

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.

The much-talked about FDI in multi-brand retail could come into effect in a 'phased' manner, beginning from metropolitan cities, the Economic Survey 2011-12 said on Thursday.

"This (FDI in multi-bra

In order to effectively deal with food inflation, Finance Minister Pranab Mukherjee on Wednesday asked the states to encourage organised sector in supply management pending a decision on allowing f

Opening up the retail sector to foreign investment will help create millions of jobs in India and also strengthen its trade ties with America, former American Ambassador to India Timothy Roemer has sa

India on Friday assured global retail giants Walmart and Metro that its reforms agenda is well on course and the decision to put on hold FDI in multi-brand retail is ‘just a pause’, forced by compulsi