100 per cent Foreign Direct Investment (FDI) in online marketplaces is now allowed, reported the PTI . Websites such as Flipkart, Amazon and others which provide a platform to various sellers to sell their products can now take 100 per cent FDI, but any websites owned by the sellers themselves have ...

Like rival foreign-funded e-commerce player Flipkart, aggressive foreign entrant Amazon too has built up a complex structure skirting India’s restrictions on Foreign Direct Investment (FDI) in the online retail space, by dividing its operations and investments between the customer-facing web front-e...

The government may have to hasten its efforts to define the termonline marketplace and also explicitly mention what constitutes retail and wholesale trading on such platforms after the Delhi high court issued a notice seeking its reply to a petition filed by a body of offline (or brick-and-mortar) r...

AZB & Partners acted for Tata’s subsidiaries Trent and Trent Hypermarket that entered into a joint venture with Anglo-global supermarket retail behemoth Tesco, which drafted in Trilegal.

The expected good news belies the difficulty with which it will have been achieved, involving over $1bn of investments and management patience; a feat that its domestic competitors in the retail space have apparently been unable to duplicate so far. It is also something that few foreign investors in...

JSA partner Lalit Kumar writes that he is pleased with some of the developments coming from India’s regulators to encourage FDI, but much more needs to be done this year if India wants to dream of recovering foreign investor goodwill.

AK Ganguly SC report private info : Rejecting a Right to Information (RTI) request for the Supreme Court’s report on its recent sexual harassment complaint proceedings against its former justice AK Ganguly, the SC said: “The disclosure of information and reports emanating out of a self-evolved mecha...

The Supreme Court yesterday dismissed petitioner ML Sharma’s public interest litigation that had challenged the government’s decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail. The bench, comprised of justices RM Lodha, Madan B Lokur, and Kurien Joseph, said that whi...

Global retailing giant Walmart’s India joint venture with Bharti Enterprises may have violated US anti-bribery laws and India’s foreign exchange rules. The chief financial officer (CFO) and other employees of the JV have been suspended pending investigation into the US laws’ violation. Walmart’s $10...

Thursday’s DIPP notification allowing FDI in multi-brand retail has been challenged in the Supreme Court by advocate ML Sharma on the ground that the notification lacks parliamentary approval. Sharma has been active in filing public interest litigation in the past. He said: The notification would hi...

After November 2011’s false start in liberalising multi-brand retail, the Manmohan Singh-led government has decided to allow foreign direct investment (FDI) in the multi-brand retail sector and the aviation industry. Foreigners will be able to invest 51 per cent in multi-brand retail outlets, such a...

The Government of India’s (GOI) new consolidated foreign direct investment (FDI) policy circular effective from 1 October 2011 has de-classified instruments with options from being FDI investments and introduced other significant changes, such as increasing FDI caps in FM Radio and changes in single-brand retail trading norms.

State chapter of Society of Indian Law Firms (SILF) organises seminar in Chennai on entry of foreign law firms, discusses pros and cons, trust deficit in the profession [ TOI ] Legal blog raises question marks over Zia Mody part-owned Delta Corp’s quest for FDI in gambling business [ Glaws ] SC issu...

Foreign investments in India’s educational sector have been hampered by regulatory restrictions but the new Foreign Educational Institutions and other bills promise to change the landscape, explain M Dhruva & Partners partner Manthan Unadkat and senior associate Tanya Raghani.

The commerce and industry ministry is likely to propose 100 per cent foreign direct investment (FDI) in multi-brand retail outlets, according to an unnamed source in the department quoted by the Economic Times today.

The Union Minister of Commerce & Industry has released a new foreign direct investment (FDI) policy framework to rescind all previous FDI Press Notes and consolidate all FEMA, RBI Circular and Press Note regulations into one consolidated document.

The liberalisation of retail trading regulations is stuck after Press Notes 2, 3 and 4 and still needs to see significantly more action before it is workable, argues LexCounsel partner Alishan Naqvee.

Confounding expectations Press Notes 2 and 4 will stay as they are, according to a press report this morning. Perhaps a few lawyers will not have been surprised, however. “There is no plan to make any changes in Press Note 2 and 4 at all,” an unnamed “senior finance ministry official” told the India...