Walmart wants mandatory local sourcing level reduced to 15%

Last Updated: Sunday, January 12, 2014, 13:33

"The company had said that it cannot meet the mandatory 30 percent sourcing norm and can procure only about 20 percent from small units. But it has asked to reduce it to 15 percent," sources said.

Promotion fundamental right for eligible candidate: SC

Last Updated: Saturday, January 11, 2014, 21:32

The Supreme Court has said that an eligible candidate has fundamental right to be considered for promotion against the available vacancy and promoted if adjudged suitable.

Next edition of consolidated FDI policy to come out on Mar 31

Last Updated: Monday, January 6, 2014, 15:25

The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated FDI policy document on March 31, incorporating changes made over the past year.

GlaxoSmithKline seeks FIPB nod to hike stake in Indian arm

Last Updated: Sunday, January 5, 2014, 13:24

UK-based drug major GlaxoSmithKline is knocking at the FIPB's doors to raise stake in its India arm by acquiring an additional 24.33 percent for around Rs 6,400 crore.

FIPB nod will allow to work on setting up JV with Trent: Tesco

Last Updated: Monday, December 30, 2013, 19:29

The apporval by FIPB to the proposal to invest USD 110 million in the Indian multi-brand retail segment will allow to work on practicalities of setting up a joint venture with Tata group firm Trent, UK-based Tesco Plc said Monday.

FIPB clears Tesco's $110 mn multi-brand retail proposal

Last Updated: Monday, December 30, 2013, 18:00

The Foreign Investment Promotion Board Monday approved UK-based Tesco Plc's proposal to enter the Indian multi-brand retail segment in joint venture with Tata Group company with an initial investment of USD 110 million (about Rs 680 crore).

Vodafone gets FIPB nod to raise stake in India arm

Last Updated: Monday, December 30, 2013, 17:20

UK-based telecom player Vodafone's Rs 10,000 crore proposal to buy out minority shareholders in its Indian arm was on Monday approved by the FIPB.

Exams for state civil services officers for promotion to IAS

Last Updated: Tuesday, December 24, 2013, 17:17

State civil services officers will now have to face a Union Public Service Commission (UPSC) test and interview for their promotion to the three All India Services.

Railway archers likely to be allowed to take part in AAI meets

Last Updated: Saturday, December 21, 2013, 17:43

The Railway Ministry is likely to allow its archers to participate in national meets conducted by Archery Association of India (AAI).

`Star-studded` PSPB defends national badminton titles

Last Updated: Friday, December 20, 2013, 17:37

Petroleum Sports Promotion Board has won the national team championship doubles title for the 15th straight year in the Inter State-Inter Zonal badminton championship being played at the Siri Fort Sports Complex.

PSPB defend national badminton titles

Last Updated: Thursday, December 19, 2013, 18:24

The Petroleum Sports Promotion Board (PSPB) successfully defended the men’s and women’s team titles at the ongoing National Badminton Championships here Thursday.

FIPB defers decision on Vodafone's Rs 10,141 crore proposal

Last Updated: Monday, December 9, 2013, 21:28

The Foreign Investment Promotion Board Monday deferred a decision on Vodafone's Rs 10,141 crore proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.