Wednesday, December 05, 2012

Google Alert - retail news

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FDI in retail: UPA passes Lok Sabha test with BSP and SP help
Hindustan Times
FDI in multi-brand retail today got the approval of the Lok Sabha as the Opposition motion seeking immediate withdrawal of the decision was rejected convincingly as BSP and SP walked out. 218 voted in favour of the Opposition motion, while 253 voted ...
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Hindustan Times
Government wins vote on retail FDI in Lok Sabha
Reuters India
"FDI in retail was a barometer to test the government's strength and the government has proved that they have the support in the parliament to push through such reforms," said Samiran Chakraborty, regional head of research at Standard Chartered Bank ...
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FDI in multi-brand retail to push growth: Goldman Sachs
Economic Times
FDI in retail is necessary to push GDP growth and deal with high current account deficit, besides bringing in technological improvements into the sector, US investment banking giant Goldman Sachs said today. MUMBAI: FDI in retail is necessary to push ...
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Economic Times
Retail stocks gain seven per cent ahead of vote on FDI
The Hindu
Retail stocks, led by Shoppers Stop, today surged up to seven per cent on optimism that the government would succeed in getting Parliament approval to its decision to allow foreign investment in the sector. Shares of Shoppers Stop climbed 7.28 per cent ...
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The Hindu
As it happened: Sushma Swaraj's motion against FDI in multi-brand retail defeated
Daily News & Analysis
"From 2004 to 2009, retail sector grew 7% in organised and 15% in unorganised. I too grew up in a small town, and would carry back vegetables back from school and things have not changed since," said Sharma, elaborating that, "Multi-brand retail is not ...
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UPA clinches retail FDI vote as SP, BSP walk out
Indian Express
The government's move to allow FDI in multi-brand retail got a formal stamp of approval in the Lok Sabha Wednesday as the UPA convincingly voted out the opposition motion against the policy, with decisive help from the SP and BSP who walked out of the ...
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Nifty edges up to reclaim 5900; retail stocks in limelight
Deccan Herald
The NSE benchmark Nifty finally managed to close above the 5,900 mark today on strong buying as investors bet on FDI in multi-brand retail trade getting approval in the Lok Sabha. The index hit an intra-day high of 5,917.80, its highest level since ...
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New retail brand launched in Kerala
Hindu Business Line
Lan Mark, a leading home appliances retailer in Kerala, has launched a new brand – White Mart – targeting the opportunities in organised retail. Jerry Mathew, Managing Director of Lan Mark Shops India Ltd, said that nearly 200 showrooms across the ...
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Canada's KingSett leads C$2.6 billion bid for Primaris REIT
Reuters India
TORONTO (Reuters) - A consortium led by Canada's KingSett Capital will offer about C$2.6 billion ($2.62 billion) to acquire Primaris Retail REIT (PMZ_u.TO) to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to ...
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LIVE! Govt wins retail FDI vote in Lok Sabha
Business Standard
RLD leader Jayant Chaudhary says solution has not been given to problems related to backend infrastructure but only opposition to FDI in retailis going on. Emphasises on the need to create job opportunities in rural areas and that small and marginal ...
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Govt wins vote on retail FDI in Lok Sabha as SP, BSP stay away
Hindu Business Line
New Delhi, Dec 5: With the Samajwadi Party and the Bahujan Samaj Party walking out of Lok Sabha ahead of the crucial voting, the Government defeated the Opposition's motions against FDI in the organised retail sector. Prime Minister Manmohan Singh ...
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Live: Voting on FDI in retail begins in Lok Sabha, UPA set for a win
IBNLive
New Delhi: 6:16 pm: Sushma Swaraj appealed to all the parties to vote against the FDI in retail, saying the issue was about India, and not secularism vs communalism. 6:01 pm: BJP leader Sushma Swaraj targets Union Telecom Minister Kapil Sibal, saying ...
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IBNLive
FDI in retail will cause social unrest: BJD
Hindustan Times
retailers, farmers and small scale manufacturers. "FDI in retail will lead to social unrest. Don't create a situation which has the potential to trigger social unrest," he said. Mahtab said allowing foreign direct investment in multi-brand retail would ...
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Retailers ignored as Chancellor shuns plea for business rates freeze
Retail Week
"It's welcome news that small retailers will benefit from relief for an extra year but retail chief executives tell us a third successive substantial rates hike will deliver a further blow to investment and job creation. It is not too late for the ...
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Live Blog: We have the numbers, we will defeat the motion against FDI in ...
India Today
17.05: Decision to allow FDI in retail was not taken oernight, says Commerce and Industry Minister Anand Sharma. He says that the decision was taken after consulting all stakeholders. 16:25: FDI in retail is not anti-farmer, it will help eliminate ...
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India Today
Lok Sabha to vote on FDI in retail on Wednesday evening
Daily News & Analysis
Voting will be held in the Lok Sabha on Wednesday evening on the Bharatiya Janata Party's motion opposing the Congress-led UPA Government's move to allow Foreign Direct Investment (FDI) in multi-brand retail. The voting comes a day after a heated ...
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Sensex ends higher; retailers gain
mydigitalfc.com
The BSE Sensex gained on Wednesday on hopes the government will muster a majority in parliament in a crucial vote on foreign direct investment in multi-brand retail later in the day. Shoppers Stop rose 6.9 percent, Pantaloon Retail closed 4.06 percent ...
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Relevant factors considered before allowing FDI in retail:Govt
Financial Express
New Delhi: Amidst uproar in Parliament over allowing FDI in multi-brand retail, the government today said relevant factors have been taken into account before allowing foreign retailers to open stores in India, to ensure investors are protected ...
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Retail services expand ahead of Christmas
The Australian
Even though the overall sector was contracting but at a slower pace, the retail sector showed an expansion. The sub-indice for retail services rose 13.6 points to 55.2. It was the first time that sector had been over 50 - the level that separates ...
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NSE closes above 5900 on hopes of favourable FDI vote
Reuters India
BSE up 0.23 pct; NSE adds 0.19 pct * Retail shares rally ahead of parliament vote on FDI in multi-brand retail * Indian tech shares drop after Cognizant SEC filing By Manoj Dharra MUMBAI, Dec 5 (Reuters) - Indian shares gained on Wednesday for the ...
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BSP members walk out ahead of FDI in retail vote in Lok Sabha, Govt's chances ...
India Today
UPA ally NCP, which is a major partner in Maharashtra government, suggested it was not completely on board regarding implementation of FDI in retail, with its leader Praful Patel saying the state's Coordination Committee will assess its impact as it ...
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India Today


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