On Jan 2 2021, the newsrack service has been shut down permanently.

It has been a nice long run from the Sarai days in 2004 to being hosted on its own domain around 2006. Beside maintenance, there has been no real active development on the code or the features since early 2008. Since 2015, even all that maintenance was pretty bare bones. A lot of news sources no longer provide reliable RSS feeds and since mid 2018, there were growing issues with the service and I only kept it alive to assist a handful of users.

So, it was time to shut this down. The internet world in 2020 is vastly differently from 2003 when I first conceptualized this service. Thanks for using this all these years.

This is an archive of previously crawled content that will be kept around for a few weeks.

 
User: rohan Topic: Foreign Direct Investment in Retail
Category: Foreign Direct Investment in Retail
Last updated: Dec 26 2018 20:03 IST RSS 2.0
 
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Deal Street dazzles thanks to RIL's equity divestment 30.12.2020 Rediff: Business
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
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CAIT asks ED to take strict action against Amazon, alleges FEMA violations 6.12.2020 DNA
Despite the constant violations no action has been taken against Amazon because of which the seven crore traders of the country are feeling cheated
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CAIT asks ED to take strict action against Amazon 6.12.2020 DNA
Despite the constant violations no action has been taken against Amazon because of which the seven crore traders of the country are feeling cheated
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How IKEA plans to power its India growth story 15.11.2020 Rediff: Business
Having celebrated its second anniversary in August, IKEA has armed itself with a war chest of over 1.5 billion euros, some of which has already been invested, to rejig its strategy significantly.
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Amazon accused of violating FEMA norms 5.11.2020 Rediff: Business
Traders' body CAIT on Wednesday accused e-commerce major Amazon of indulging in serious contraventions of FDI policy and Foreign Exchange Management Act. The body also blamed the online firm for not seeking the government's approval for conducting multi-brand retail activities in India.
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Future-RIL deal and Jeff Bezos vs Kishore Biyani battle 21.10.2020 Rediff: Business
Analysts said the Future-RIL deal had created a hindrance for Amazon's plans to tap offline retail and opened up huge opportunities for RIL.
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What Apple's online debut in India means 13.10.2020 Rediff: Business
Apple's online launch is a symbol of success for FDI in single-brand retail, though there's no indication of how much the Silicon Valley major would invest in the country.
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'Small traders lost Rs 4-5 lakh crores in lockdown' 1.10.2020 Rediff: Business
'You have come out with a package for the kisan.' 'You have a package for industry.' 'But has anyone addressed the issues concerning small traders?'
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Apple Store to launch online in India on Sep 23 18.9.2020 Rediff: Business
The new online store, which will be launched on September 23, will provide customers with the same premium experience found in Apple Store locations around the world, delivered by online team members who are ready to offer their expertise, Apple said in a statement.
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What Walmart's reverse merger with Flipkart means 6.8.2020 Rediff: Business
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
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Green shoots of recovery after policy measures: FinMin 23.6.2020 Rediff: Business
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
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Govt rejects Walmart-Flipkart's food retail entry bid 1.6.2020 Rediff: Business
The department for promotion of industry and internal trade has rejected Walmart-backed Flipkart's proposal seeking approval for entry to the food retail sector, citing a regulatory issue, an official said on Monday. The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India.
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Facebook buys 9.99 percent stake in Reliance Jio for Rs 43,574 crore 22.4.2020 Projects Monitor

Reliance Industries, Jio Platforms and Facebook have announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. The investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value (USD 65.95 billion, assuming a conversion rate of Rs 70 to a US Dollar). Facebook’s investment will […]

The post Facebook buys 9.99 percent stake in Reliance Jio for Rs 43,574 crore appeared first on India's first NewsPortal on Projects.

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Boost for electronic giants; SEZs clear local sourcing 27.2.2020 Rediff: Business
While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.
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Before Indian government’s snub to Jeff Bezos, a Delhi trader campaigned hard against him 6.2.2020 Scroll.in - News that matters
Praveen Khandelwal, founder of Confederation of All India Traders, comes from a family of extensive political ties.
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Budget 2020: As economic slowdown confronts government, FM may seek to boost rural demand 1.2.2020 Scroll.in
Most economic growth indicators, including investment, private consumption, manufacturing and farm sector are at record lows.
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Return of the Bharatiya 'Baniya' Party 31.1.2020 Rediff: Business
'The BJP has shown signs lately of returning to its trader mindset.' 'Several strong emotions get meshed in this: Nationalism, protectionism, mercantilism, and arrogance,' points out Shekhar Gupta.
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'Amazon not doing India a favour by investing $1 bn' 16.1.2020 Rediff: Business
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
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Smartphone sales buck slowdown on strong urban, rural demand 30.12.2019 The Assam Tribune
Smartphone sales buck slowdown on strong urban, rural demand
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DNA ROUNDTABLE: Beating slowdown blues 12.9.2019 DNA
India Inc hopes the slew of measures announced by the government recently would kickstart investments and help reboot the economy over the next few quarters
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