Tag: Foreign direct investment

Five upcoming investment-banking firms that are going places

They don’t pop out of league tables, but these investment-banking firms are thriving in their own niches. They are small, but growing. They don’t do everything, but they do it well. They began with a focus on start-ups, but have graduated to the midmarket space. Here are five ’boutique’ investment banking firms that are going… Read More ›

Retail investors shun direct mutual plans

Retail investors remain wary about direct plans of mutual funds despite their better returns. The direct plans are aimed at investors who do not wish to use the services of an intermediary — that is, an agent who earns commissions. Direct plans were introduced in January last year. During the October-December quarter, the share of… Read More ›

FDI in pharma jumps to $1.25 billion during April -November period

NEW DELHI: Foreign direct investment in the pharma sector has more than doubled to $1.25 billion during April-November period of the fiscal even amid concerns about the spate of acquisitions of domestic firms by MNCs. FDI in drugs and pharmaceuticals was $581 million during April-November 2012, according to the latest data of the Department of… Read More ›

Defence FDI okay, not retail; scrap coal blocks: Jaitley

Bhartiya Janata Party (BJP) continues to oppose the opening of retail sector to foreign investors as it will affect millions of small traders and result in job losses. Speaking to CNBC-TV18’s Shereen Bhan, about BJP’s economic policies, BJP spokesperson Arun Jaitley said the party is against allowing FDI in multi-brand retail but may selectively accept… Read More ›

Indian retail market set to touch $865 billion by 2023

MUMBAI, JAN 27: Foreign direct investment (FDI) by multinational food processing companies has shot up to $2.14 billion in the country between April and October 2013, and continues to increase significantly. The Indian retail market, currently estimated at $490 billion, is project to grow at a compounded annual growth rate of 6 per cent to… Read More ›

Retail policy should be encouraging to all players

India has to have a policy that allows foreign players as well as the local players to grow, allowing local businesses to learn the best practices, said retail market expert Venkatesh Shankar. Speaking on the sidelines of Guru Speak 2013-14, a seminar organised by IIM Calcutta Alumni Association, Chennai chapter, Shankar, Coleman Chair Professor in marketing, said, “Indian… Read More ›

Retail inflation for farm, rural workers soften in December

Retail inflation for farm workers and rural labourers fell to 11.19 per cent and 11.18 per cent respectively in December due to easing of food prices. The respective rates of price rise were 13.43 per cent and 13.27 per cent in November last year. The overall Consumer Price Index-Agricultural Labourers (CPI-AL) and Consumer Price Index-Rural… Read More ›

RBI panel wants retail inflation as new policy benchmark

The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it. The report of the Patel committee, set up by RBI in September last year, has recommended… Read More ›

AAP must use FDI power, can’t depend on 40s’ economics: Narayana Murthy

The opposition to the Aam Admi Party’s economic policies is getting louder from its industrialist supporters. After Captain V Gopinath, now Infosys Executive Chairman Narayana Murthy has raised concerns over the party’s decision to disallow FDI in the retail space. Murthy said that in winning the Delhi elections AAP did a good job. “They spent… Read More ›

Global retailer Wal-Mart sets up new company in India

NEW DELHI: Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country’s lucrative multi-brand retail market with a new partner. The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their six-year long partnership. The retailer has registered… Read More ›