Thursday, November 29, 2012

Retail FDI issue


Retail FDI issue: Lok Sabja logjam over
Indian Express
After the week, the logjam in the Lok Sabha over FDI in retail finally ended on Thursday with Lok Sabha Speaker allowing a discussion on the issue under Rule 184 which entails voting. Announcing her decision, Speaker Meira Kumar said the date and time ...
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Retail can shop for a million in REC tax free bond sale
Business Standard
Retail investors can buy up to Rs 10 lakh in the Rs 5,000 crore tax free bond issue proposed by state-owned lender Rural Electrification Corporation (REC). This is five times the limit allowed in typical initial public offering and easily the highest ...
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Retail investors continue to shun equity MFs in Nov
Business Standard
Retail investors continue to shun equity MFs in Nov. Sector executives say redemption requests and account closures continue unabated. Chandan Kishore Kant / Lucknow Nov 29, 2012, 15:27 IST ...
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Retail Tranche of PICC HK IPO to Rise to 7.5% From 5% -Sources
Wall Street Journal (India)
HONG KONG--People's Insurance Co. (Group) of China Ltd.'s initial public offering of up to US$3.6 billion in Hong Kong has found fans among retail investors. The 5% retail tranche of the offer was more than 15 times oversubscribed, prompting 7.5% of ...
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FDI in retail: good, bad and not so bad
Hill Post
A fractured parliament over permitting foreign direct investment (FDI) in retail has the entire opposition gunning for the government; allies are not sure about its political fallout whereas the Manmohan Singh government is firm on going ahead midst ...
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Common Man's View: Why I am against FDI in retail
Rediff
It will put a lot of people in the retail trade out of jobs, says G V Dasarathi who has been in charge of buying groceries for his family for 15 years. I am the typical urban consumer who is supposed to be salivating at the thought of FDI in retail ...
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Rediff
Currys owner Dixons Retail to 'benefit' from Comet woe
BBC News
Dixons Retail, the owner of Currys and PC World, said it will "benefit" from the demise of rival Comet. Dixons said the "fire sale" of Comet's assets and stock could cause "some disruption" initially, but that it would gain in the long run. However ...
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BBC News
Global Retailer - Esprit To Exit India By Year End
DealCurry
Esprit operates more than 770 retail stores worldwide and distributes products to more than 15,150 wholesale locations around the globe. It has more than 1.1 Mn sq. mts. of retail space in 40 countries. Esprit was till now importing its goods and the ...
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NCR acquires retail software co Retalix
Globes
(NYSE: NCR) last night announced that it is acquiring Retalix Ltd. (Nasdaq: RTLX; TASE: RTLX), a global provider of innovative retail software and services. NCR said that, "The acquisition is for a cash purchase price of $30 per Retalix share, implying ...
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Rupee strengthens to 54.98 as Govt agreed for voting on FDI in retail
Hindu Business Line
The rupee gained sharply to 54.98 in intra-day trade after the Government agreed for a debate followed by a vote on the contentious, FDI in multi-brand retail issue in the Lok Sabha. Soon after the Government's announcement, Parliament started ...
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Hindu Business Line
HSBC Set to End Quest to Build Retail Banking in Korea
Businessweek
Europe's biggest lender by market value is reviewing options for the local retail unit, Hyonjin Suh, a Seoul-based spokeswoman, said in an e-mail today. London-based HSBC is considering shuttering the operations, the Yonhap news agency reported, citing ...
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DATA SNAP: HK Oct Retail Sales +4.0% by Value; Below Expectations
Wall Street Journal (India)
By Chester Yung. HONG KONG--The value of Hong Kong's retail sales rose 4% in October from a year earlier to 35.6 billion Hong Kong dollars (US$4.59 billion), the Census and Statistics Department said Thursday, falling short of the market's expectations.
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How would FDI in multi-brand retail benefit you, the consumer?
Business Standard
So, Parliament is all set to vote on FDI in multi-brand retail. The UPA says foreign investments in this space will boost the economy, besides helping the farmer get a better deal for his produce and offering a wider choice of goods at much lower ...
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Singh Allows India Retail Vote in Bid to End Parliament Impasse
Bloomberg
India's government conceded to opposition pressure to allow lawmakers a vote on plans to expand the presence of foreign retailers, backing down to end deadlock that had derailed moves to bolster the economy. While the decision to enable companies like ...
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Price match policy levels retail field
Albany Times Union
This holiday season, the hottest trend among retailers isn't found on a store shelf. It's taking place at the cash register. Major retailers, from Best Buy to Toys R Us, are promising to match their competitors' prices. Generally customers just need to ...
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Sensex rallies 255 points on Goldman rating, Govt stance on retail FDI
Hindu Business Line
The domestic sentiment was also buoyed after the Government agreed for a debate followed by a vote on the contentious, FDI in multi-brand retail issue in the Lok Sabha. Soon after the Government's announcement, Parliament started functioning after a ...
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Hindu Business Line
High street retail giants call for Sunday trading laws to be relaxed during ...
Daily Mail
this is not for the good of the shoppers but for the good of the retailers who want to increase there profits,this is just greed,i hope the goverment don`t give in to this demand.in years gone by the shops were closed all day sunday & everyone managed ...
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Daily Mail
Hong Kong Oct retail sales rise 4.0 pct yr/yr
Reuters
Nov 29 (Reuters) - October retail sales data (percent change from a year earlier): Oct Sep Aug Jul Jun May Apr Value: 4.0 9.4 4.6 3.9 11.0 8.7 11.4 Volume: 3.6 8.5 3.2 1.4 8.5 5.7 7.6 CONTEXT: -- In the three months through October, the volume of sales ...
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Retail Trade Sales Forecast for 2012 Festive Season
SA Commercial Prop News
Recent research shows December 2011 retail trade was up 12.8% on the prior December, however, retail sales in December 2012 should increase between 7% and 9% – slightly above inflation – to levels between R80 billion and R82 billion, based on ...
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