Jet Airways (India) Ltd., the nation’s biggest publicly-traded carrier, fell the most in a week in Mumbai trading after the government deferred a decision on the airline’s plan to sell a stake to Etihad Airways PJSC.
Welcome, Wal-Mart. India's coalition government made a surprise move last week by liberalizing the country's retail sector. Halfway into its second term, the governing United Progressive Alliance, long accused of being too passive and too wedded to the welfare state, ended years of hedging by successive governments by giving its consent to foreign direct investment in multi-brand retail in India, allowing global supermarket chains to set up shop and help spur economic growth
AirAsia Bhd., the region’s biggest budget airline, is aiming to start flights in India and bring more competition to one of the world’s fastest growing markets. The only thing standing in the way: a law dating back to the 1930s.
U.K. Sinha, chairman of the Securities and Exchange Board of India, comments on the definition of control in the regulator’s takeover code. Sinha made the comments to reporters in New Delhi in response to a question whether control was defined differently in rules pertaining to foreign direct investment in the nation’s civil aviation industry.
India’s overseas investment board approved furniture retailer Ikea’s proposal to open outlets in the country, bringing the Swedish chain closer to becoming the first major foreign retailer to set up its own stores.