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Govt. May Allow 49% FDI in Retail
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The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail and has written a letter to this effect to the Commerce Ministry, while seeking to formulate a model law to be first put in place at the State-level to protect mom-and-pop stores from the impact of the ‘Big Boys
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Government May Thaw on FDI Issue for Retail
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But many obstacles remain and the ministry officials said that the details of such a proposal are far from decided. It may be just one of a series of discussion papers over the coming months to test the waters with different stakeholders to lift investment caps in sectors eagerly watched by investors
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Retailers back to Bigger Stores
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Several big Indian retail companies including Aditya Birla Retail, Spencer’s, Pantaloon and Bharti Retail plan to add bigger stores with an area of 30,000 to 100,000 sq. ft. to their portfolio this year.
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Carrefour Entry Seems Imminent
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After flirting with several Indian retail players including Reliance Retail and the real estate developer giant DLF, Carrefour, the biggest retail chain of Europe seems to want to settle down and,
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Indian Retail suffers a year of Recession
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The tremours of recession were first evident when one of the earliest players, the budget-retail chain Subhiksha,
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Bharti Retail to have 70 Stores
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Bharti Retail Pvt. Ltd., a unit of Bharti Enterprises Ltd., plans to have seventy small and five or six mid-sized retail stores by the end of the current financial year, the parent company announced today.
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UAE Keen to Enter India Retail
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UAE-based retailers are looking at investment opportunities in the $360 billion Indian retail sector currently dominated by small-scale traders and retail shops, with several participants from the Middle East expected to be present at the Indian Retail Forum 2009.
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Retail Space Cheaper in Delhi by 25%
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The economic slowdown has impacted the consumer sentiments enough to reduce the demand for retail rental space in Delhi and cause a decline in rent of 25 per cent over the last six months
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Hypermarkets Expanding Faster with Lower Rents
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After being hit by the recession for a while, the things seem to be looking up in India again with large
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India Top Destination for Retail
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India still continues to be a strong preferred destination as a retail market and has reclaimed the top position amongst 30 countries in the results of the 8th Annual Global Retail Development Index (GRDI).
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