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Supermarket Tesco announces annual net profit of 974m pounds

Last Updated: Wednesday, April 16, 2014, 12:03

Supermarket group Tesco, Britain`s biggest retailer, on Wednesday announced a massive jump in annual net profits, but its underlying performance showed a fall.

Tesco forms JV with Trent for multi-brand retail in India

Last Updated: Friday, March 21, 2014, 19:32

British retail major Tesco on Friday announced forming of an equal joint venture with Trent Ltd, a part of the Tata Group, by picking up 50 percent stake in Trent Hypermarket Ltd for about 85 million pounds.

Trent awaiting nod for JV with Tesco: Noel Tata

Last Updated: Monday, March 10, 2014, 18:19

Tata Group firm Trent Hypermarket and Tesco in December last year won approval of the Foreign Investment Promotion Board (FIPB) to open multi-brand retail stores, but the two may have still not got final approval orders owing to inter- ministerial issues over wording of the nod.

Commerce Ministry seeks opinion on retail FDI policy reversal

Last Updated: Tuesday, February 18, 2014, 21:03

The Commerce and Industry Ministry has asked the Law Ministry for its opinion on whether the Delhi and Rajasthan governments can reverse decisions to allow foreign retailers to start supermarket chains.

In poll season retail FDI is a political hot potato!

Last Updated: Tuesday, February 04, 2014, 17:26

The anti-FDI retail sentiment espoused both by newbie Aam Aadmi Party and main opposition BJP has yielded them immediate political dividend.

AAP govt scraps FDI in multi-brand retail, says Delhi not ready

Last Updated: Monday, January 13, 2014, 20:36

In a major policy reversal, the Aam Aadmi Party Government on Monday withdrew the approval given by the previous Sheila Dikshit dispensation for FDI in multibrand retail in Delhi.

Trent stock jumps nearly 7% as FIPB clears Tesco's proposal

Last Updated: Tuesday, December 31, 2013, 11:01

Trent's scrip soared 6.52 percent to Rs 1,339.80 on the BSE.

FIPB nod will allow to work on setting up JV with Trent: Tesco

Last Updated: Monday, December 30, 2013, 19:29

The apporval by FIPB to the proposal to invest USD 110 million in the Indian multi-brand retail segment will allow to work on practicalities of setting up a joint venture with Tata group firm Trent, UK-based Tesco Plc said Monday.

FIPB clears Tesco, Vodafone investment proposals

Last Updated: Monday, December 30, 2013, 18:28

UK-based Tesco Plc became the first global retailer to get approval to enter country's multi-brand retail sector from the Foreign Investment Promotion Board that also Monday cleared Vodafone's Rs 10,141 crore plan to buy out minority shareholders in its India arm.

FIPB clears Tesco's $110 mn multi-brand retail proposal

Last Updated: Monday, December 30, 2013, 18:00

The Foreign Investment Promotion Board Monday approved UK-based Tesco Plc's proposal to enter the Indian multi-brand retail segment in joint venture with Tata Group company with an initial investment of USD 110 million (about Rs 680 crore).

FIPB approves Tesco's multi-brand retail offer to enter India

Last Updated: Monday, December 30, 2013, 16:54

UK-based Tesco Plc's had proposed to enter the Indian multi-brand retail segment with an initial investment of USD 110 million.

FIPB to decide on Tesco, HDFC Bank,Vodafone proposals Monday

Last Updated: Sunday, December 29, 2013, 14:43

The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, is also scheduled to take final call on Vodafone's Rs 10,141 crore FDI proposal to buy out minority shareholders in its Indian arm.