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Fair Trade Regulator Approves Tesco's Purchase of Stake in Trent
The Competition Commission of India (CCI) has cleared British retail major Tesco's purchase of a 50 per cent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012.
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Another European retail major may set up multi-brand stores: Trade Minister
Last week, UK-based Tesco Plc became the first global retailer to seek government's approval to set up multi-brand outlets in India with a plan to invest $110 million in partnership with Tata's Trent.
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New FDI rules a setback for foreign, local retailers
Under the new rules, the government said global supermarket operators cannot acquire existing assets of Indian companies and said the initial mandatory $100 million investment to set up supply chain infrastructure and stores must be new.
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Walmart to open 30 new stores in China
Worlds largest retailer Walmart will open 30 new stores in China while revamping its 400 odd other stores in the country investing over $80 million, even as French stores Carrefour and British Tesco PLC closed some of their units due to poor returns.
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Fair Trade Regulator Approves Tesco's Purchase of Stake in Trent
The Competition Commission of India (CCI) has cleared British retail major Tesco's purchase of a 50 per cent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012.
-
Another European retail major may set up multi-brand stores: Trade Minister
Last week, UK-based Tesco Plc became the first global retailer to seek government's approval to set up multi-brand outlets in India with a plan to invest $110 million in partnership with Tata's Trent.
-
New FDI rules a setback for foreign, local retailers
Under the new rules, the government said global supermarket operators cannot acquire existing assets of Indian companies and said the initial mandatory $100 million investment to set up supply chain infrastructure and stores must be new.
-
Walmart to open 30 new stores in China
Worlds largest retailer Walmart will open 30 new stores in China while revamping its 400 odd other stores in the country investing over $80 million, even as French stores Carrefour and British Tesco PLC closed some of their units due to poor returns.
