India formally eliminated restrictions on foreign investment in its single-brand retail sector on Tuesday, opening the door to the likes of Swedish furniture giant IKEA to open stores in Asia's third-

The government may soon notify 100 per cent foreign direct investment in single-brand retail, paving way for global chains like Adidas, Nike, Louis Vuitton, Hermes and Gucci to have full ownership of

Expressing commitment to push forward economic reforms, Finance Minister Pranab Mukherjee on Friday said the government is making efforts to build a consensus on important economic legislations, inc

To allay fears of groups opposing opening of multi-brand retail sector to FDI, the industry ministry has decided to soon start a process of comprehensive consultation with stakeholders including trade

The United States has said foreign direct investment in retail trade would be beneficial to both India and the US but it would wait for the debate over it to play out in a democracy like India.

"We u

With the all-party meeting on retail FDI scheduled for Wednesday morning, all eyes are fixed on its outcome as this will determine the fate of the ongoing Winter Session of Parliament.

Two weeks hav

The deadlock in parliament over the government's decision to allow foreign investment in the retail sector ended on Wednesday after an all-party meeting passed a resolution to suspend the move till co

Disappointed by the government's decision to put foreign direct investment (FDI) in multi-brand retail on hold, India Inc on Wednesday described the move as 'highly regressive'.

"It is a highly r

For the first time since Parliament's winter session began on November 22, both houses functioned normally and even took the critical question hour.

However, the government's decision to allow foreig

The Central government's proposal to introduce FDI in the retail sector can spell doom for both consumers and traders as it will dry up the existing supply chain with foreign investors jacking up p