Walmart, Tesco seek assurance on non-reversal of FDI policy

Global retailers like Walmart and Tesco have sought assurance from India that any change of governments at both centre and states should not result in reversal of FDI policy in multi-brand segment, before taking investment decisions in the country. Bentonville-based Walmart has also raised apprehensions about the ongoing probe by investigating agency Enforcement Directorate, said […]

Adidas takes €153 mn hit due to Reebok India irregularity

German sportswear giant Adidas today said its balance sheet for 2011 is negatively impacted by euro 153 million (over Rs 1,090 crore) due to ‘commercial irregularities’ at its arm Reebok India Co. The company had in April last year stated that the estimated maximum negative impact due to the alleged fraud by its two top […]