In other news:
On the WSJ: Swedish furniture and housewares chain IKEA Group has been wanting to enter India, but was waiting for New Delhi to open the door a bit wider.
Now that the government has officially enacted a change allowing 100% foreign ownership of Indian single-brand retail ventures, up from a 51% cap earlier, IKEA has what it was seeking: the flexibility to control everything about how it goes to market in India without having to work alongside a local joint venture partner.