Sree Vijaykumar | From the Editor's Desk
Foreign realty cheers FDI in broking services : The move to introduce foreign direct investment (FDI) without government approval is expected to improve delivery of broking services, suited to a particular standard. The Union government, in early January 2018, amended rules relating to 100% FDI (foreign direct investment) in construction development in India under the automatic route, without the need for government approval. The decision was taken at a Cabinet meeting, chaired by Prime Minister Narendra Modi in New Delhi, according to an official statement. The amendments include addition of real estate broking services under the construction sector and development of townships, etc. Essentially, it differentiates real estate broking services and eases norms for direct investment in them.. More here
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Amazon's Grocery Sales Increased After It Devoured Whole FoodsWhole Foods' brand items like bacon, coconut water and frozen blueberries helped Amazon gobble up more U.S. online grocery sales last year. Products carrying the natural foods chain's brand helped push sales at Amazon's online grocery-delivery service, AmazonFresh, up 35%. |
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