Karuturi Global Ltd to buy 54 per cent in Florista India Pvt Ltd
In a bid to expand its business and offering in India, Karuturi Global Limited is to buy a 54 per cent stake in Florista India Private Limited. Florista India Private Limited is a chain of floral...
View ArticleDutch consumer electronics maker Philips purchases leading Indian kitchen...
Philips Monday announced it had purchased leading Indian kitchen appliance maker Preethi for an undisclosed amount. Royal Philips is a Dutch consumer electronics maker. The investment is aimed at...
View ArticleReliance Equity Advisors invests Rs 120 Crore in Shankara Pipes India Ltd
Reliance Equity Advisors has invested Rs.120 Crore in Bangalore based Shankara Pipes India Ltd. The Bangalore business was incorporated more than ten years ago and is involved in the distribution of a...
View ArticleWarburg Pincus mulling Rs 150 crore investment in Indianmart.com
According to the Economic Times (ET), Warburg Pincus may invest up to Rs.150 Crore in Indiamart.com. The deal may see an exit by BCCL, which had invested $3.5 million in Indianmart.com in 2007....
View ArticleRexel buys a second Indian company, Ad Electronics
Rexel, a global leader in the distribution of electrical supplies, announced Monday the acquisition of India’s AD Electronics. Rexel entered the Indian market through the acquisition of Yantra...
View ArticleBenefitsPLUS acquires Snowball eRetail Services
According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence....
View ArticleFDI Policy in Multi Brand Retail
Government’s attention is drawn to reports in some section of media on various elements of FDI policy in Multi brand retail: The policy cleared by Union Cabinet on 24th November stipulates that FDI in...
View Article100 Per Cent FDI in Single Brand Retail Notified
Department of Industrial Policy and Promotion Ministry of Commerce and Industry notified the decision to allow 100 per cent FDI in Single brand retail today via Press Note No.1 (2012 Series). The Union...
View ArticleEfforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand...
Government is making efforts to arrive at a broad based consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%. The Union...
View ArticleSourcing Norms for Single/Multi Brand Retail
Vide Press Note 4 (2012 series) issued on 20.09.2012 certain conditions relating to FDI in single brand product retail trading have been amended. The amended policy, inter-alia, includes the following...
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