User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Apr 25 2017 17:42 IST RSS 2.0
 
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Tesco Bengaluru brings on board Sumit Mitra as CEO 25.4.2017 ET: IETS
Mitra will be joining the company from BT, where he is currently managing director, central business services and India country manager.
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We aren't looking at new states for store roll-out: Walmart India CEO 14.4.2017 Business Standard: News Now
Interview with Krish Iyer, President & CEO, Walmart India
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No proposal to review FDI in multi-brand retail: Govt 10.4.2017 News
Current FDI policy permits overseas players to hold 51% stake in an Indian retail company
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No proposal to review FDI in multi-brand retail, clarifies govt 10.4.2017 DNA: Popular News
The government today said there is no proposal under its consideration to review the foreign direct investment (FDI) policy in the multi-brand retail sector. "No proposal is under consideration of the government to review the extant FDI policy on multi-brand retail," Commerce and Industry Minister Nirmal Sitharaman said in a written reply to the Lok Sabha. The current foreign direct investment policy permits overseas players to hold 51 per cent stake in an Indian retail company. So far, only one foreign player, Tesco, has received approval for opening stores under the multi-brand retail policy. Replying to a separate question, she said that government has been interacting with investors to identify issues for promoting FDI in the food processing sector. "Several issues including sale of home and personal care products have been raised by investors," the minister said. Food Processing Minister Harsimrat Kaur Badal had earlier indicated that the government is actively considering a proposal to allow FDI in ...
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No proposal to review FDI in multi-brand retail: Government 10.4.2017 ET: Policy
The current foreign direct investment policy permits overseas players to hold 51 per cent stake in an Indian retail company.
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No proposal to review FDI in multi-brand retail 10.4.2017 Budget 2017, Income Tax - India Budget 2017 Updates, Union Budget 2017 Latest News, Railway Budget 2017 | Times of India
The current foreign direct investment policy permits overseas players to hold 51 per cent stake in an Indian retail company. So far, only one foreign player, Tesco, has received approval for opening stores under the multi-brand retail policy.
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Future Group planning 'loyalty-driven' convenience stores 4.4.2017 ET: Retailing
No one can match the prices we will offer. We have built the entire ecosystem such as logistics, partnership with FMCG companies and customer database, said Kishore Biyani, CEO, Future Group.
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Trent names Marks and Spencer Reliance India MD Venu Nair as its new commercial officer 1.4.2017 ET: Retailing
Nair is expected to join Trent by the end of April. He will report to Philip Auld, who took over as the chief executive of the BSE-listed company three years ago.
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At least $10 bn of FDI waiting for right signals, says Harsimrat Kaur Badal 31.3.2017 Business Standard: Economy & Policy
The country could be looking at initial investment of more than $10 billion (Rs 65,000 crore), if the government gives a final nod to desired changes in foreign direct investment (FDI) in retailing.The changes in question would allow global retailers to sell a percentage of non-food items, said Union food processing minister Harsimrat Kaur Badal. "It would be at least $10 bn initial investment if 'food plus' gets the final nod. Not just for India; we have the UAE and Japan planning on making in India and taking it to their country. Before (the) 'World Food India' (event, scheduled for September), a lot of things might just get tied up," she hopes.The ministry of food processing industries (MoFPI) hopes some of these decisions would be taken by the year-end. Badal stresses the 'food plus' component in the policy on FDI in retailing suggested by her ministry would not a backdoor entry for multinational entities such as Walmart, Tesco or Auchan. She said global retailers would only be ...
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FDI of $10 bn waiting if govt approves changes in food retail norms: Badal 30.3.2017 Latest News
The country could be looking at initial investment of more than $10 billion (Rs 65,000 crore), if the government gives a final nod to desired changes in foreign direct investment (FDI) in retailing.The changes in question would allow global retailers to sell a percentage of non-food items, said Union food processing minister Harsimrat Kaur Badal. "It would be at least $10 bn initial investment if 'food plus' gets the final nod. Not just for India; we have the UAE and Japan planning on making in India and taking it to their country. Before (the) 'World Food India' (event, scheduled for September), a lot of things might just get tied up," she hopes.The ministry of food processing industries (MoFPI) hopes some of these decisions would be taken by the year-end. Badal stresses the 'food plus' component in the policy on FDI in retailing suggested by her ministry would not a backdoor entry for multinational entities such as Walmart, Tesco or Auchan. She said global retailers would only be ...
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India may ease rules for foreign food retail before November 30.3.2017 ET: Policy
India allows 100% investment by foreign wholesalers, but if they want to access the burgeoning retail market, they can only have a 100% holding to sell food items.
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Tesco to pay $269 million to settle false accounting charges 28.3.2017 Business Standard: Companies & Industry
Tesco said it would take a one-off charge of 235 mn pounds in its 2016-17 results, due on April 12
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Amazon India to invest $515 mn in food retail business over next 5 years 23.3.2017 All Companies Stories
Last year, govt allowed 100% FDI in multi-brand food retail
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French retailer Auchan scouts India all over again 23.3.2017 All Companies Stories
Auchan and another French retailer, Carrefour, exited India in 2014
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Made in India: Govt considering FDI relaxation in multi-brand retail policy 18.3.2017 DNA: Urban Tales
The government is weighing the option of permitting overseas retailers to open stores for selling 'Made in India' products only as it looks to relax the norms for multi-brand retail for attracting more funds and generating more jobs. Sources said the government is considering permitting foreign supermarket players to open retail stores but only for sale of 'Made in India' products.  Although the current foreign direct investment policy permits overseas players to hold 51 per cent stake in an Indian retail company, the BJP in its election manifesto had opposed foreign investment in the retail segment. So far, only one foreign player, Tesco, has received approval for opening stores under the multi-brand retail policy. The previous UPA government had cleared the proposal. The FDI policy also imposes several conditions for foreign players like mandatory sourcing of goods from MSMEs and a certain percentage of investment in the back-end infrastructure. These conditions have acted as constraints for foreign ...
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Govt considering FDI relaxation in multi-brand retail policy 18.3.2017 ET: Policy
Current FDI policy permits overseas players to hold 51% stake in an Indian retail company; BJP in its election manifesto had opposed foreign investment in retail.
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Govt considering FDI relaxation in multi-brand retail policy 18.3.2017 Hindu: Home
The government last year permitted 100 per cent FDI in domestic trading of food products.
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Tesco chairman calls white men an endangered species in UK boardrooms 13.3.2017 News
John Allan said women and people from an ethnic background were in an extremely propitious period
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White men an "endangered species" in UK boardrooms - Tesco chairman 13.3.2017 Sify Finance
LONDON (Reuters) - The chairman of Britain's biggest retailer Tesco has said he was joking after telling an audience of aspiring non-executive directors (NED) that white men were "an endangered
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D-Mart set to become the highest valued listed retailer 1.3.2017 Business Standard: Companies & Industry
D-Mart's parent Avenue, Supermarts, said it was raising Rs 1,870 cr through its initial public issue
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