Wednesday, August 28, 2019

Global retailers to gain from easier single-brand FDI rules

While the present policy mandates that a single-brand retail company that has more than 51% FDI in India has to source 30% locally of the total value of goods sold in the country, the changed norms will allow it to include exports as well. https://ift.tt/2ZxCj99 https://ift.tt/eA8V8J

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Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est. (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg : Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net ...