Global players wary of fine print on India's retail invite (Reuters) Posted: 25 Nov 2011 06:08 AM PST Reuters - Global supermarket chains welcomed a long-awaited invitation from India to invest in the country's $450 billion retail market, but they fear the small print may keep a lid on investment in the short term. |
Minister urges India to boycott London Games (Reuters) Posted: 25 Nov 2011 04:14 AM PST Reuters - Madhya Pradesh chief minister Shivraj Singh Chauhan has urged the government to boycott next year's London Olympics because of the event's sponsorship deal with Dow Chemical company, according to local media reports. |
India retail opening cheers big local firms, disappoints others (Reuters) Posted: 25 Nov 2011 05:11 AM PST Reuters - India's move to open its supermarket sector to foreign investors brought relief to its capital-starved local chains but failed to impress small-shop owners who dominate retail in the country, despite rules intended to safeguard small operators. |
Bharti, Reliance end talks on insurance JVs deal (Reuters) Posted: 25 Nov 2011 05:53 AM PST Reuters - Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France's AXA, the two Indian companies said on Friday. |
Ashwin lifts India after Tendulkar agony (Reuters) Posted: 25 Nov 2011 06:23 AM PST Reuters - Sachin Tendulkar fell agonisingly short of his 100th international century once again before off-spinner Ravichandran Ashwin lifted India's spirits with his maiden test ton on the fourth day of the third test against West Indies on Friday. |
Dhoni rested, Sehwag to lead India in ODIs (Reuters) Posted: 25 Nov 2011 06:50 AM PST Reuters - India have rested captain Mahendra Singh Dhoni and named opener Virender Sehwag as skipper for the five-match one-day series against West Indies starting next week. |
Apples iPhone 4S makes India debut (Reuters) Posted: 25 Nov 2011 09:22 AM PST Reuters - The iPhone 4S, the final gadget unveiled during Apple co-founder Steve Jobs' lifetime, hit store shelves in India on Friday with a starting price of 44,500 rupees. |
Tendulkar again falls short of 100th century (Reuters) Posted: 25 Nov 2011 06:50 AM PST Reuters - India batsman Sachin Tendulkar fell short of his 100th international century once again on Friday after being dismissed for 94 on the fourth morning of the third and final test against West Indies. |
FACTBOX - 'We're Open', India tells foreign retailers (Reuters) Posted: 25 Nov 2011 03:19 AM PST Reuters - India has opened its supermarket sector to foreign retailers such as Wal-Mart Stores Inc, pushing through a major reform aimed at attracting foreign capital and potentially easing stubbornly high inflation. |
Tendulkar weighed down by heaviest of milestones (Reuters) Posted: 25 Nov 2011 02:15 AM PST Reuters - Sachin Tendulkar stood on the brink of batting immortality only to retreat, plunging a milestone-obsessed country into depression and triggering a debate on his vulnerability against the pressure of expectation. |
EXCLUSIVE - India opens supermarket sector with conditions (Reuters) Posted: 25 Nov 2011 12:20 AM PST Reuters - Foreign supermarkets setting up shop in India will have to source 30 percent of their goods from smaller, local industries, while also needing to make a minimum investment of $100 million in the country, Industry Secretary P.K. Chaudhary said on Friday. |
Retailer shares up after FDI move, but concerns emerge (Reuters) Posted: 24 Nov 2011 10:51 PM PST Reuters - Shares in Indian retailers jumped on Friday after the government opened up the $450 billion supermarket sector to global giants, but concerns emerged that caveats aimed at appeasing political opposition could hinder an expected flurry of investments. |
Retail policy to create 10 mln jobs in 3 yrs - minister (Reuters) Posted: 25 Nov 2011 12:53 AM PST Reuters - Trade Minister Anand Sharma said on Friday that the government's new policy to allow foreign supermarkets into the country would create 10 million jobs over three years, while not affecting smaller, domestic retailers. |
India needs 30 pct of grains output for new food bill (Reuters) Posted: 24 Nov 2011 09:45 PM PST Reuters - India is assuming grain purchases at around 30 percent of output in plans to expand its welfare programme, the food minister said, relying on increased yields and lower wastage to cover extra requirements and keeping exports on the agenda. |