User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Apr 17 2014 14:19 IST RSS 2.0
 
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Makeover at Big Bazaar 17.8.2012 Business Standard: Management & Mktg
Big Bazaar, the 164-strong hypermarket chain of the Future group, seems to be following its tagline ‘Naye India Ka Bazaar’ (New India’s bazaar) quite faithfully.
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Petrol price war boosts UK retail sales 16.8.2012 The Guardian -- Front Page
ONS says the better-than-expected performance of the retail sector in July had been largely due to cut-price fuel deals from supermarket Petrol price cuts by supermarkets and bargain offers in the high street prompted a rise in retail sales last month. Figures from the Office for National Statistics showed a 0.3% increase in the volume of sales, defying City expectations that poor July weather would cause a small drop in spending. The ONS also revised up its estimate of retail sales in June to show a monthly rise of 0.8%, prompting speculation that the economy might be growing more strongly than had been thought. Officials had previously pencilled in an increase in June sales of just 0.1% when they published second quarter growth figures showing a 0.7% decline in national output . The ONS said the better-than-expected performance of the high street in July had been largely due to cut-price fuel deals from supermarkets. Without this boost to spending, retail sales would have been ...
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Tesco's imprint in Star Bazaar grows 1.8.2012 Business Standard: Today
The store shelves are packed with ‘Daisy’ dish wash bars and ‘All About Men’ shaving products – all private labels of Tesco.
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After US & Europe chains, Asian retail group eyes India 28.7.2012 Business Standard: Front Page Headlines
Once foreign direct investment (FDI) is allowed into the multi-brand retail sector, international retail chains Walmart, Carrefour and Tesco may face competition from an Asian player—Malaysia’s Parksons.
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IKEA's investment in India - a big deal? 19.7.2012 Business Standard: Companies & Industry
When Mikael Ohlsson, CEO and president of IKEA, announced the euro 25 billion Swedish furniture giant’s investment plans for India at St Petersburg (Russia) on June 22, the initial reaction was that of euphoria.
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Is IKEA's investment in India such a big deal? 19.7.2012 Business Standard: Companies & Industry
When Mikael Ohlsson, CEO and president of IKEA, announced the euro 25 billion Swedish furniture giant’s investment plans for India at St Petersburg (Russia) on June 22, the initial reaction was that of euphoria.
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French consultancy enters India with eye on retail, FMCG, healthcare 15.7.2012 Business Standard: Today
Alternext Paris-listed global consultancy company Solving Efeso, which has clients across industries, internationally, is looking to tap the growing retail sector in India.
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How long can we afford to put off retail FDI? 11.7.2012 DNA: Top News
China has embraced it long ago, so has Pakistan; face it, open play only benefits consumers in the long run.
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Basu: Retail FDI win-win situation (Cached) 8.7.2012 Asian Age: Kolkatta
Government of India’s chief economic adviser Dr Kaushik Basu on Saturday expressed hope that chief minister Mamata Banerjee would accept multibrand retailers in the state if the benefits of FDI could be explained to her with clarity and reasoning. <!--break--> “I feel that the chief minister of West Bengal is one of the most intelligent persons but retail FDI argument is very complex. If it is explained to her then she will understand it is a win-win situation for all and she will also come along,” he said. Dr Basu was speaking at an interactive session titled “India and the Global Economy” in the city. “Politicians have an intuitive intelligence. If it can be explained to her that it is actually in the interest of farmers of West Bengal, I am sure she will understand,” he added. Dr Basu claimed that if multibrand retailers like Walmart and Tesco were allowed to come, they would benefit the farmers most. His logic was that if more retailers entered the market, the competition would grow ...
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Basu: Retail FDI win-win situation (Cached) 8.7.2012 Asian Age: Kolkatta
Government of India’s chief economic adviser Dr Kaushik Basu on Saturday expressed hope that chief minister Mamata Banerjee would accept multibrand retailers in the state if the benefits of FDI could be explained to her with clarity and reasoning. <!--break--> “I feel that the chief minister of West Bengal is one of the most intelligent persons but retail FDI argument is very complex. If it is explained to her then she will understand it is a win-win situation for all and she will also come along,” he said. Dr Basu was speaking at an interactive session titled “India and the Global Economy” in the city. “Politicians have an intuitive intelligence. If it can be explained to her that it is actually in the interest of farmers of West Bengal, I am sure she will understand,” he added. Dr Basu claimed that if multibrand retailers like Walmart and Tesco were allowed to come, they would benefit the farmers most. His logic was that if more retailers entered the market, the competition would grow ...
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There’s a bit of Bangalore in everything Tesco does (Cached) 6.7.2012 TOI: All Headlines
There’s a bit of Bangalore in everything Tesco does
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Retail stocks rise on FDI hopes 6.7.2012 Business Standard: Front Page Headlines
Stocks of retail companies rose up to 18 per cent on Thursday, amid reports that the government might allow foreign direct investment (FDI) in multi-brand retail after the Presidential elections later this month.
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Tesco expects Bangalore office to play a central role in developing its competitive edge (Cached) 5.7.2012 TOI: India Business
The proposal to permit FDI in multi-brand retail may have come a cropper but as technology becomes the next big battleground for retailers, India may well be where these battles are fought.
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Sharma confident of consensus soon on FDI in multi-brand 21.6.2012 Financial Chronicle
Commerce and Industry Minister Anand Sharma today exuded confidence that a "political consensus" will be arrived at on the contentious issue of allowing FDI in multi-brand retail in the next few weeks. "I am confident that the coming weeks will see the emergence of political consensus on liberalising FDI in multi-brand retail which will open immense opportunities," an official statement quoting Sharma said. The Minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012. Sharma also held bilateral meeting with Deputy Prime Minister of Russian Federation, D Rogozin. The policy decision to allow FDI in multi-brand retail, which would have allowed global retailers like Walmart and Tesco to open outlets in India, was put on hold by the government in the wake of strong objection from the opposition BJP and UPA's key allies, including Trinamool Congress. The Department of Industrial Policy and ...
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FDI in multi-brand: Minister confident of consensus (Cached) 21.6.2012 Rediff: Business
The minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012.
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Tesco offloads Japanese operation 19.6.2012 The Guardian -- World Latest
Supermarket giant pays rival chain Aeon token sum to take ailing business off its hands Tesco is paying rival Japanese supermarket operator Aeon a £40m dowry to take its loss making chain off its hands. After ploughing more than £250m and the best of a decade into trying to crack one of the toughest retail markets in the world, Tesco boss Philip Clarke hoisted the for sale sign over Tesco Japan last summer. The terms of the deal, however, suggest buyers were in short supply with the British grocer selling a 50% stake for a token sum of Y1 – less than 1p – while also pumping £40m into the new joint venture. The arrangement, Tesco said, meant it would have "no further financial exposure to the Japanese business or its operations". "We are very pleased to announce this deal with Aeon and are confident this will deliver the best outcome for our staff and for our shareholders," said Clarke. When he called time on Japan last August he said the group had "concluded we cannot build a sufficiently ...
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British supermarket giant Tesco clinches Japan exit deal (Cached) 18.6.2012 Asian Age: Business
Britain's biggest retailer Tesco announced on Monday that it had finally struck a deal to exit its Japanese business. Tesco said in a statement that it would exit Japan in two stages -- first by selling 50 per cent of its shares in Tesco Japan to Aeon -- the Asian country's biggest retail group -- for a nominal amount. Once in the joint venture with Aeon, Tesco said it would then invest about £40 million (49 million euros, $63 million) into the Japanese business to finance further restructuring. Thereafter, Tesco said that it would have no further financial exposure to the Japanese business. Completion of the transaction was meanwhile subject to normal regulatory approval. Tesco had officially announced 10 months ago that it was pulling out of Japan and putting its more than 100 small supermarkets there on sale to focus on other operations in Asia. "I thank our colleagues in Japan, who have done an excellent job for the business -- in particular ...
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British supermarket giant Tesco clinches Japan exit deal (Cached) 18.6.2012 Asian Age: Business
Britain's biggest retailer Tesco announced on Monday that it had finally struck a deal to exit its Japanese business. Tesco said in a statement that it would exit Japan in two stages -- first by selling 50 per cent of its shares in Tesco Japan to Aeon -- the Asian country's biggest retail group -- for a nominal amount. Once in the joint venture with Aeon, Tesco said it would then invest about £40 million (49 million euros, $63 million) into the Japanese business to finance further restructuring. Thereafter, Tesco said that it would have no further financial exposure to the Japanese business. Completion of the transaction was meanwhile subject to normal regulatory approval. Tesco had officially announced 10 months ago that it was pulling out of Japan and putting its more than 100 small supermarkets there on sale to focus on other operations in Asia. "I thank our colleagues in Japan, who have done an excellent job for the business -- in particular ...
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Key facts on India's retail sector 11.6.2012 Business Standard: News Now
Supermarket chains are looking for funding in a tough business environment, with foreign partners closed off for now after last year's indefinite suspension of a move to open the $450 billion retail market to giants such as Wal-Mart Stores Inc.
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Marks & Spencer to offer in-store banking services 10.6.2012 Business Standard: Today
Retailer Marks & Spencer Plc plans to launch in-store banking services next month backed by HSBC, competing with the rest of Britain's established but unpopular high-street banks.
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