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TESCO OVERSEAS INVESTMENT LTD
Government clears 89 single-brand retail, 1 multi-brand proposalsIn February 2006, the government permitted 51 per cent FDI in the single brand sector. In 2012, it raised the cap to 100 per cent.- Tesco invested Rs 850 crore in multi-brand retail: GovernmentTesco was the first global retailer to apply for multi-brand retailing after the government allowed 51 per cent FDI in the segment in Septe...
- India only received investment bid in multi-brand retail from Tesco: Textiles MinisterApart from UK-based Tesco Plc, the government has not received any other proposal for investment in the country's multi brand retail sector...
- Competition Commission slaps Rs 3 crore penalty on TescoCompetition Commission has slapped a penalty of Rs 3 cr on Tesco for delay in filing notice related to its purchase of 50% stake in Trent H...
- Tesco set to go ahead with multi-brand venture with Tata’s TrentCommerce minister Nirmala Sitharaman had said the government won’t allow FDI in the sector as it would hurt small traders and farmers.
- Competition Commission of India okays Tesco’s Trent stake buy even as BJP opposes retail FDIAccording to Nirmala Sitharaman, multibrand retail is best not opened up now for FDI because traders and farmers have not been empowered.
- Tesco gets CCI approval for Tata Group firm Trent Hypermarket stake purchaseThe approval by the CCI comes when a political debate over foreign direct investment (FDI) in multi-brand retail has been revived.
- Tesco profit drops 6% in FY14; pins hopes on India for revivalTesco had finalised a deal to become the first foreign supermarket to enter India's 330-billion pound multi-brand retail sector last month.
- GSK gets FIPB nod to buy 24.33% more in indian armThe Singapore subsidiary of the UK-based GlaxoSmithKline plans to buy 24.33%stake, or 2.06 crore, equity shares in GlaxoSmithKline Pharmace...
- Vodafone's Rs 10,141 crore FDI proposal referred to CCEA: Finance MinistryFinance Ministry said the Rs 10,141-crore proposal of Vodafone to buyout minority stake in its Indian arm has been referred to the Prime Mi...
- Foreign Investment Promotion Board to take up Tesco's multi-brand retail proposal on December 30FIPB will on December 30 take up UK-based Tesco Plc's proposal to enter the Indian multi-brand retail segment with an initial investment of...
- Tesco's multi-brand FDI proposal put on fast trackThe government has put the first FDI proposal in multi-brand retail, after the policy was liberalised last year, on the fast track.
- Trent rallies 18% as Tesco seeks nod to buy 50% stake for $110 millionPost the acquisition of the stake in Trent, Tesco will become the first foreign chain to invest in supermarkets in India since FDI was allo...
- Tesco seeks nod to buy 50% in Trent, approaches DIPP to invest $110 million in Tata coTesco Plc, UK's largest retailer, plans to acquire a 50% stake in the Tata-owned Trent Hypermarkets for $110 million.
- Tesco relaunches "finest" range in bid to win back affluent shoppersTesco has relaunched its "finest" premium food range, aiming to tap the industry-beating sales growth enjoyed by upmarket rival Waitrose.
- Commerce & Industry Minister Anand Sharma: FDI in retail to create infrastructure and jobsIndia allowed foreign companies to own 51 per cent stake in retail ventures in September 2012, but so far no overseas multi-brand retailer ...
- Tesco chairman Richard Broadbent seeks clarity on retail policy: Anand Sharma"Sharma met Tesco Chairman who sought certain clarifications on conditionalities in the new FDI policy for the retail sector," an official ...
- Tesco sets up sourcing arm to buy food from IndiaMove may help the global retail chain to trim its costs and develop local expertise before opening shops in the country.
- Tesco boss Philip Clarke calls on Ratan Tata as FDI in retail gets go-aheadPhilip Clarke made a hush-hush visit over the weekend and met Ratan Tata and other Tata officials to set the ball rolling on the retailer's...
- India likely to open doors to Tesco & global supermarket giants in multi-brand retail: ScindiaThe government believes supermarket giants like Tesco, Carrefour and Walmart can play a vital role in revolutionising the sector.
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