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Carrefour to exit India, shut five wholesale stores

Last Updated: Tuesday, July 08, 2014, 06:46

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.

Competition Commission slaps Rs 3 crore penalty on Tesco

Last Updated: Friday, June 13, 2014, 23:57

Competition Commission has slapped a penalty of Rs 3 crore on British retailer Tesco for delay in filing notice related to its purchase of 50 percent stake in Tata Group firm Trent Hypermarket.

Tesco completes Chinese joint venture

Last Updated: Thursday, May 29, 2014, 15:24

The groups had already revealed plans earlier this year to combine Tesco`s 131 branches and shopping mall operation in China.

Tesco gets CCI approval for Trent stake purchase

Last Updated: Wednesday, May 28, 2014, 20:04

Fair trade regulator CCI has cleared British retail major Tesco's purchase of a 50 percent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012.

Tesco upbeat on Trent tie-up for growth in India

Last Updated: Friday, May 23, 2014, 14:08

British retail major Tesco remains optimistic about its partnership with Tata group firm Trent Ltd to capitalise on growth opportunities in India despite uncertainty over FDI in multi-brand retail as the new BJP government, led by Narendra Modi, is set to take charge.

Carrefour looking to exit India wholesale operations: Media reports

Last Updated: Saturday, May 03, 2014, 12:57

The company has seen senior-level exits from its India business recently and some employees may be asked to leave over the next few weeks, the newspaper said, citing unnamed sources.

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.