Don't dress 'indecently': Gujarat cops to women

Don't dress 'indecently': Gujarat cops to women

Police posters advise women not to dress 'indecently' and to use cellphones with care.
Cong loyalist who praised Modi

Cong loyalist who praised Modi

Uttarakhand Guv Aziz Qureshi: A Cong loyalist who praised Modi and sued NDA

Budget multi-brand FDI: Retail stocks up

Mar 16 2012, 12:27 IST
Comments 0
Finance Minister Pranab Mukherjee poses as he leaves his office to present the Union Budget 2012-2013 in New Delhi. (Reuters) Finance Minister Pranab Mukherjee poses as he leaves his office to present the Union Budget 2012-2013 in New Delhi. (Reuters)
SummaryFM said efforts are on to arrive at a consensus on allowing FDI in multi-brand retail.

Shares of retail companies gained value as the Finance Minister Pranab Mukherjee said that efforts are on to arrive at a consensus on allowing foreign investment in multi-brand retail business.

Shopper's Stop gained 3.3 per cent, Pantaloon Retail was up 1.5 per cent, Trent Ltd was up 1.8 per cent and Provogue was up 10.5 per cent.

Kouton Retail also gained 3.5 per cent.

Presenting his Union Budget in Parliament, Mukherjee said that the decision on allowing FDI in multi-brand retail business has been kept in abeyance, but effors are on to arrive at a broad-based consensus after consultations with state governments and other stakeholders.

The overall market was also up, with over 180 points gain in the benchmark Sensex at 1130 hours, as Mukherjee said that bold reforms were required to push forward the economic growth. He also said that steps would be taken to deepen the Indian capital markets.

Ads by Google

More from Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...