It was to allow foreigners to invest in what Indian bureaucrats call "multibrand retail," meaning large stores like Wal-Mart that can sell all manner of goods. ❋ Unknown (2012)
Take the issue of opening the multibrand retail industry to foreign investment. ❋ Unknown (2011)
The more transformative move would be to open up India for the first time to multibrand retailers, such as big-box chains and supermarkets including Wal-Mart to Tesco PLC. ❋ Amol Sharma (2012)
India's cabinet last week agreed to allow foreign multibrand retailers to own up to 51% of joint ventures and open supermarkets. ❋ Harsh Joshi (2011)
Kaushik Basu , India's chief economic adviser, said in an interview that he is hopeful that the government will be able to bring up multibrand foreign investment this year, after tweaking the proposal to address critics and waiting for state elections to be held. ❋ Amol Sharma (2012)
The Cabinet agreed Nov. 25 to allow foreign multibrand retailers to own up to 51% of joint ventures in India. ❋ Megha Bahree (2011)
NEW DELHI—The Indian government issued a formal order fully opening the country's single-brand retail sector to foreign investment, a move that will give greater access to companies like Nike Inc. but doesn't lift barriers to foreign investment for multibrand retailers, such as Wal-Mart Stores Inc. ❋ Amol Sharma (2012)
They do a great job as a multibrand operator, and are focused on sharing much of the back end, such as their reservations technology, without it being obvious to the customer and muddying the brands. ❋ Unknown (2009)
"Nothing upsets affluent consumers more than finding there are multibrand models for multiple levels of quality," he said at the American Express Luxury Summit in Park City, Utah. ❋ Christina Binkley (2011)
The suspension last month of a long-awaited decision to allow foreign direct investment in multibrand retail, which would have allowed in global stores such as Walmart and Tesco, crowns years of policy paralysis. ❋ Sadanand Dhume (2011)
In November, it announced it was allowing foreign multibrand retailers such as Wal-Mart Stores Inc. to set up in India, but quickly shelved the idea after opposition from coalition partners, including Trinamool Congress. ❋ Vibhuti Agarwal (2011)
Proponents of the overhaul said multibrand retailers would have incentives to invest in India's decrepit agricultural infrastructure—for example, by introducing refrigerated trucks to carry produce so it doesn't rot. ❋ Amol Sharma (2012)
The cabinet of the Congress party-led coalition agreed last week to allow foreign multibrand retailers to own up to 51% of joint ventures and open supermarkets in India. ❋ Megha Bahree (2011)
India issued an order fully opening its single-brand retail sector to foreign investment, which will give greater access to companies like Nike but not multibrand retailers like Wal-Mart. ❋ Unknown (2012)
Today is the first step towards creating a multinational, multibrand airline group. ❋ Kaveri Niththyananthan (2011)
The federal cabinet on Nov. 25 agreed to allow foreign multibrand retailers to own as much as 51% of joint ventures and to open supermarkets in India. ❋ Mukesh Jagota (2011)
Meanwhile, the government has been unable to get sufficient support among coalition partners to pass reforms demanded by foreign investors, such as allowing foreign investment in multibrand retail. ❋ Vibhuti Agarwal (2011)
India still doesn't allow entry of foreign multibrand retailers, such as Wal-Mart Stores Inc. ❋ Amol Sharma (2012)
BMW AG's multibrand fleet management division Alphabet acquired the car-leasing unit of Dutch financial services group ING NV for €637 million $915 million as part of the German luxury-car maker's wider effort to expand in the area of mobility services. ❋ Christoph Rauwald (2011)
The government signaled in November it was willing to allow 51% foreign ownership in multibrand retail ventures. ❋ Amol Sharma (2012)
