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Both the Flipkart founders, Sachin Bansal and Binny Bansal, have worked at Amazon
Move to compete directly with the likes of eBay and Snapdeal in the country
Audit firm points out that the accounting rules do not permit companies to give interest-free loans even to their subsidiaries
Leading corporate lawyers, accounting firms have swung into action to interpret grey areas in FDI policy
Plans foray into books category soon
The DoT move is in line with the current mood in the UPA govt to woo foreign investors back into the country
McDonald¿s is not the only American company to cater to the vegetarian preference of Indians
Plans outlets smaller than in the US, with mostly Indian products, and a desi nameplate
Team scouting for space on outskirts of metros
Applications from Celio, Gruppo Coin and Artsana, are in works and are expected to be sent to govt in a few weeks
Many bureaucrats have in the recent past switched sides to join companies
The experience in developing markets suggests that foreign direct investment in retail need not be a bane
Walmart and Bharti group are 50-50 JV partners in the cash-and-carry business in the country