User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Jul 11 2016 12:12 IST RSS 2.0
 
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Walmart, Tesco seek assurance on non-reversal of FDI policy 20.6.2013 Latest News
Global retailers like Walmart and Tesco have sought assurance from India that any change of governments at both centre and states should not result in reversal of FDI policy in multi-brand segment, before taking investment decisions in the country.
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Walmart, Tesco seek assurance on non-reversal of FDI policy 20.6.2013 IE: Corporate News
Walmart has raised apprehensions about the ongoing probe by investigating agency.
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Walmart, Tesco seek assurance on non-reversal of FDI policy 20.6.2013 Top Headlines
Walmart has raised apprehensions about the ongoing probe by investigating agency.
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Walmart, Tesco seek assurance on non-reversal of FDI policy 20.6.2013 Financial Chronicle
Global retailers like Walmart and Tesco have sought assurance from India that any change of governments at both centre and states should not result in reversal of FDI policy in multi-brand segment, before taking investment decisions in the country. Bentonville-based Walmart has also raised apprehensions about the ongoing probe by investigating agency Enforcement Directorate, said an internal note of the Department of Industrial Policy and Promotion (DIPP). "Some prospective foreign investors have discussed their plans for investing in multi-brand retail trading (MBRT) in India. They have generally conveyed that they have to address (certain) apprehensions of their Boards while taking the investment decisions," the note said. The main issue raised by Walmart and Tesco was that "the next government could reverse the MBRT policy. States which have at present opted for opening of front-end stores in their territory can opt out at a later stage". The general elections in India is expected to be ...
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Retailers should focus on new infrastructure, jobs & not just go for buyouts: Anand Sharma 14.6.2013 TOI: India Business
Commerce & industry minister Anand Sharma has said the intent of the government's foreign investment policy in the retail sector is to create additional infrastructure and not to help existing companies by allowing them to cash out, brushing aside criticism about the latest 'clarifications' issued by his ministry last week.
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Anand Sharma: FDI in retail to create infrastructure and jobs 14.6.2013 ET: Policy
India allowed foreign companies to own 51 per cent stake in retail ventures in September 2012, but so far no overseas multi-brand retailer has set up shop
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Govt clarifications add to confusion over FDI in retail 11.6.2013 Rediff: Business
Latest 'clarifications' add to the confusion; foreigners may delay investments, and Indian firms will find it difficult to get investors.
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Revolution in retail business is unstoppable 11.6.2013 newindianexpress.com
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Govt queers the pitch for multi-brand retail 10.6.2013 Features
Latest "clarifications" add to the confusion; foreigners may delay investments, and Indian firms will find it difficult to get investors
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Window shopping for a right solution 9.6.2013 Hindustan Times: Views
Window shopping for a right solution
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How supermarkets get your data – and what they do with it 8.6.2013 The Guardian -- World Latest
It doesn't matter if you are part of a loyalty scheme, pay by card or even cash, 'Big Brother' supermarkets know your every move We all know supermarkets use information about our shopping habits to target us with personalised vouchers and offers – but how would you feel about sitting down to watch a movie and being confronted with adverts based on what was in your shopping trolley a few hours earlier? Or what would you think about Tesco using its Clubcard database to check what you are eating, and possibly offering vouchers for salad and fruit if your basket is usually groaning with unhealthy items? These are just two of the ways the supermarket giants are planning to make use of the data they gather on us. For every loyalty point or coupon that Sainsbury's , Tesco and the like dish out, they gobble up a huge amount of information about our shopping habits. We are all familiar with targeted offers linked to loyalty cards, but you might be surprised at the amount of data the big ...
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Foreign retailers can't have franchise setup, says government 7.6.2013 DNA: Money
Only company-owned outlets allowed; experts see stipulation hurting M&As in the sector.
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New FDI rules setback for foreign, local retailers 7.6.2013 deccanherald.com
New FDI rules setback for foreign, local retailers
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New FDI rules a setback for foreign, local retailers 7.6.2013 NDTV National
Related Stories ...
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New FDI rules a setback for foreign, local retailers 7.6.2013 Financial Chronicle
New rules requiring foreign supermarkets to set up their own warehouses and stores in India are likely to further delay the entry of companies like Wal-Mart Stores Inc, increase costs and hurt cash-strapped local retailers eager to partner with foreign companies. India allowed foreign chains to enter the country to set up retail stores in September 2012, but ambiguities in the policy means that so far, no foreign company has applied to the government for permission to set up shop in the $500 billion industry. Under the new rules, the government late on Thursday 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. That means any existing supply chains, including those owned by a domestic retailer that a foreign company might look to buy, will not count towards the $100 million minimum. "In a nutshell this will delay everybody's plans," said ...
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Future Retail shares drop on reduced chance of foreign stake sale 7.6.2013 IE: Markets
The government allowed global supermarket operators to enter India in September.
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FDI in retail: Walmart, Tesco will not be able to acquire existing retailers 7.6.2013 TOI: India Business
"It's advantage Reliance," a former senior Reliance executive said. The slow start for foreign retailers will mean lesser competition for Reliance Retail, which unlike other cash-strapped Indian retailers has funds to expand quickly.
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Foreign multi-brand retailers not allowed to franchise stores 7.6.2013 Doordarshan
Foreign retailers entering India's multi-brand segment will not be allowed to franchise their stores and will have to put 50 pc of their investments in back-end infrastructure specifically for the chain they are setting up.
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Future Retail drops on FDI rules clarification 7.6.2013 Financial Chronicle

Shares in Future Retail Ltd (FURE.NS) fell as much as 3.4 percent on Friday after the government said foreign supermarkets entering India must invest in new supply infrastructure, rather than buying existing assets.

The government clarification issued on Thursday was seen reducing prospects that foreign supermarket operators such as Wal-Mart Store Inc (WMT.N), Carrefour (CARR.PA), or Tesco (TSCO.L) would buy into Indian companies or their assets.

The government allowed global supermarket operators to enter India in September.

Future Retail shares were down 2.3 percent as of 9:21 a.m, compared to a 0.2 percent fall in the broader Nifty.

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Foreign multibrand retailers not allowed to franchise stores 7.6.2013 HT: Corporate
Foreign multibrand retailers not allowed to franchise stores
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