NEW DELHI, August 4. BUSINESS STANDARD – Future Group’s Ezone would be the first to go for partnership with a foreign player. Ezone has more than 45 stores across India and is the consumer durable and infotech chain of the Future Group worth 120 billion rupees. - BUSINESS STANDARD – Indian gold and diamond jewellery retailers are ready to attract customers with their latest innovations at the five-day India International Jewellery. Gitanjali Gems, one of the participating companies is planning to introduce four new brands to add to its existing 20 brands of jewellery on the occasion and is expecting Rs 8 billion to Rs 10 billion orders from the show. – FINANCIAL EXPRESS - To prevent flow of black money and terror funds into the country foreign firms have to face intense government scrutiny in order to invest in sensitive sectors like telecom, aviation and defence. - FINANCIAL EXPRESS - Overseas investments by Indian companies increased to $2.6 billion in July 2011, up 61% year-on-year which includes equity, guarantees and loans. - FINANCIAL EXPRESS – According to the industry experts with the introduction of FDI in organized retail sector the absorption of shopping malls in India will get a boost and hence would result in attracting more foreign firms to invest in India. - FINANCIAL EXPRESS – In Vodafone tax dispute, case is going on in the Supreme Court of India, Mumbai. Harish Salve, the lawyer for Vodafone, said in the argument with the panel of judges that all the players in the deal were foreign companies and the transaction too was done outside India hence Indian IT department has no jurisdiction over the case to levy any sort of tax. - EXIM NEWS - Japan has eliminated duties on 87% of its tariff lines as part of the Comprehensive Economic Partnership Agreement (CEPA) it inked with India. By 2015, the targeted trade between the two countries is about $25 billion - EXIM NEWS - Negotiations on the comprehensive free trade pact between India and the European Union had reached an advanced stage where areas covered includes trade in goods, services, investment, technical barriers to trade, customs cooperation, trade facilitation and IPRs. – ECONOMIC TIMES – In order to gain market share in the fast-growing car market, the German company Audi has plans to increase investments in India.
Submitted By:-
Priyesh Narain
Researcher