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'India only received investment bid in multi brand from Tesco'

Apart from UK-based Tesco Plc, the government has not received any other proposal for investment in the country's multi brand retail sector so far, Parliament was informed on Friday.

Carrefour to exit India, shut five wholesale stores

French retail giant Carrefour SA will shut down its Indian operations and close its wholesale stores in the country, as it exits underperforming markets to focus on reviving its French business.

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

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

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

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

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

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.

FIPB to take up Tesco's multi-brand retail proposal on Dec 30

If the application is approved, Tesco will pick up a 50 per cent stake in Trent Hypermarket Ltd, a wholly owned subsidiary of Trent Ltd, a Tata group company.

Another European major to come into multi-brand retail: Sharma

"In multi-brand retail trading, the first (application) has come. There will be more and I think another European major will come," Commerce and Industry Minister Anand Sharma said here.

Expect more global chains in multi-brand retail: Sharma

The UK-based Tesco has applied to the Department of Industrial Policy and Promotion (DIPP) for investing USD 110 million to engage in multi-brand retail trading in partnership with Trent Ltd.

Tesco to take India plunge after political assurances

The decision marked a victory for the Congress party in securing its first foreign investment victory after staking its political survival on reforming the supermarket sector.

Trent surges nearly 11% as Tesco applies to open supermarkets

After surging 18.19 percent to Rs 1,260.65 in intra-day trade on the BSE, the stock finally ended at Rs 1181.15, up 10.74 percent.

Tesco Plc seeks govt nod for JV with Tatas, to invest $110 mn

Tesco proposes to set up a 50-50 joint venture with its existing Indian partner Trent, a Tata group firm, to open retail stores in Bengaluru (Karnataka) and Kolhapur (Maharashtra).

Tesco likely to submit application for multi-brand retail

UK-based retail major Tesco Plc is expected to soon submit the first application for setting up multi-brand retail stores in the country, sources said.

Tesco says it is awaiting clarity on India's retail FDI norms

UK's leading retailer Tesco Plc is awaiting clarity on India's policy on FDI in multi-brand retail trading before drawing up its plans for the country.