Shaken MNC major cancels promo

The initial euphoria of international corporate giants over  Government’s decision to allow 51 per cent FDI in multi-brand retail seems to have evaporated in the political heat generated by the moves in Parliament, could be gauged from the fact that the Scandinavian home products major IKEA on Monday cancelled its scheduled Press meet for November 29, where it was supposed to announce plans for the Indian market.

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