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Reliance halts retail foray in north and northeastern India In the wake of violent protests in India's most populous state, Uttar Pradesh, that led the state government to order the closure of standalone retail stores selling fresh farm produce, Reliance Retail, a wholly owned subsidiary of India's largest private sector entity in terms of market capitalization and oil refiner Reliance Industries, has announced a hold in its $500 million plan to open groceries in West Bengal, Uttar Pradesh and some northeastern states. 28 Aug 2007
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UP Govt. orders organized retail outlets to close shop The Mayawati-led government in Uttar Pradesh has taken a u-turn ordering retail players like Reliance Fresh and Spencer's outlets to close shop in the state and has decided to review its policy of granting permission to organized retail businesses from running, following reports of violent protests that have broken out in Lucknow and Varanasi. 25 Aug 2007
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India tops retail market index: Study India, Russia, China and Vietnam top the list of the most attractive emerging markets for retailers' investment in 2007, according to a study published June 21. 29 Jun 2007
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Sun looks to rise in the east US technology solutions provider Sun Microsystems Inc. is looking eastwards and eyeing India's booming retail, healthcare and financial services sectors to tap the world's second-fastest growing economy, co-founder and chairman Scott McNealy said. 24 May 2007
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AV Birla group eyes Piramyd Retail India's leading business conglomerate the Aditya Birla Group is reportedly eyeing Mumbai-based Piramyd Retail Ltd. 13 May 2007
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Wal-Mart to foray into Indian retail market, courtesy Bharti World's biggest retail giant, Wal-Mart, has announced plans to enter India in partnership with Sunil Mittal's Bharti Enterprises, making a direct entry into the rapidly growing Indian retail sector. 07 Dec 2006
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Tesco fails to clinch retail deal to enter India Britain's retail giant Tesco Plc. has failed to clinch a deal with Indian conglomerate Bharti Enterprises Ltd, clearing the way for the world's biggest retailer, Wal-Mart, to get access to the lucrative Indian retail market. 07 Dec 2006
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Calvin Klein to retail in India Calvin Klein (CKI), a wholly owned subsidiary of Phillips-Van Heusen, has announced an exclusive distribution agreement and retail store license for India with Murjani India. 03 Oct 2006
Investment Commission sets $ 15 billion FDI target by 2007-08, wants 49 percent FDI in retail The Investment Commission headed by Tata group chairman, Ratan Tata, has set a $ 15 billion foreign direct investment (FDI) target by 2007-08 and suggested that the government allow 49 percent FDI in retail, contract labour in all areas and automatic route for all investments within the sectoral cap. 11 Aug 2006
