Competition 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...

Commerce minister Nirmala Sitharaman had said the government won’t allow FDI in the sector as it would hurt small traders and farmers.

According to Nirmala Sitharaman, multibrand retail is best not opened up now for FDI because traders and farmers have not been empowered.

The approval by the CCI comes when a political debate over foreign direct investment (FDI) in multi-brand retail has been revived.

Tesco had finalised a deal to become the first foreign supermarket to enter India's 330-billion pound multi-brand retail sector last month.

The Singapore subsidiary of the UK-based GlaxoSmithKline plans to buy 24.33%stake, or 2.06 crore, equity shares in GlaxoSmithKline Pharmace...

Finance 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...

FIPB 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...

The government has put the first FDI proposal in multi-brand retail, after the policy was liberalised last year, on the fast track.

Post 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 Plc, UK's largest retailer, plans to acquire a 50% stake in the Tata-owned Trent Hypermarkets for $110 million.

Tesco has relaunched its "finest" premium food range, aiming to tap the industry-beating sales growth enjoyed by upmarket rival Waitrose.

India allowed foreign companies to own 51 per cent stake in retail ventures in September 2012, but so far no overseas multi-brand retailer ...

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

Move may help the global retail chain to trim its costs and develop local expertise before opening shops in the country.

Philip 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...

The government believes supermarket giants like Tesco, Carrefour and Walmart can play a vital role in revolutionising the sector.