Chillin' out till it needs to be funded
Out of the $20 bn odd invested in this cycle, FIIs exited $3bn in this May nervous ticks..
FDI in multi brand retail has a tentative go ahead from government, with sourcing biz commitments for local traders and limitation to metros. Bharti ready to jump in with 150 stores, plans 6-8 cash & carry stores in 10. They are currently operating 2 C&Cs and opening in Jallandhar next.
Carrefour is also waiting on eager beaver tentacles..While Insurance FDI is stuck, Government is also waiting/wanting to go up to 74% in Defence, but strict indications are expected from the Ministry of Defence.