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IKEA may open its first India store in Hyderabad
Swedish retailer IKEA, whose India plan won final approval in May’ 2013 will
invest at least $100 million (Rs.630 crore) in Hyderabad, according to two
state government officials who met the company's India head juvencio
maeztu.
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Multi-Brand Retail: RBI, Finmin seek clarity on portfolio investments
The Reserve Bank Of India (RBI) and the finance ministry have sought clarity
in the policy on portfolio investments in multi-brand retail sector which could
help listed domestic players such as Future Retail raise foreign investment
limit.
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Why seek foreign partners when we can tap PE funds: Kishore Biyani,
Future Group
Kishore Biyani, long-time supporter of foreign direct investment in the sector, is no longer banking on foreign retail partners to expand his businesses;
instead, the retail baron has initiated talks with private equity firms for foreign
investments in three of his ventures.
Luxury/FMCG
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Amway India launches men's grooming products range
Direct selling FMCG firm Amway India has announced the launch of its new
range of men's grooming products comprising of face wash, deodorant, hair
cream and shaving cream etc and is targeting up to 15 per cent year-on-year
growth from this launch.