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The BJP-led Opposition has stormed Rajya Sabha after lobbying disclosure report was filed by Walmart that revealed it had spent a massive $25 mn lobbying to get entrance into India and demanded that the government respond.
The Bhartiya Janata Party reportedly said that lobbying was illegal in India, and asked the government to answer as to who got this Rs1.25bn.
Congress MP Rajiv Shukla tried to respond but was drowned out by loud protests, says report.
The Parliament passed vote on FDI retail last week under which foreign retailers get access to India retail market.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.