In last three months, at least 100 employees have been told to leave, number may go up to 600 soon.

Profit was overstated by £263 million ($422 million), with some of that amount pre-dating this year, the Cheshunt, England-based company sa...

"The overall market is weaker... this means that sales and trading profit in the first half of the year are somewhat below expectations."

Tesco has outlined India, along with China and Turkey, among markets it wanted to refocus for a more profitable approach to growth.

India today sought investments from Britain in sectors like infrastructure to enhance economic ties between the countries.

Four months have passed since govt braved opposition to allow foreign supermarkets to enter India, but it has not received any investment p...

Sharma said it would be up to global retail chains to source products from across India or from a state depending on logistics as 100% FDI ...

"Sharma met Tesco Chairman who sought certain clarifications on conditionalities in the new FDI policy for the retail sector," an official ...