CHESHUNT, England — Britain’s Tesco has filed application to open a supermarket chain in India, under regulations introduced last year to ease restrictions on foreign ownership. The firm will invest $110 million Tata Group’s Trent Hypermarkets with a view to spinning off a multi-brand joint venture. Other major retailers have hesitated to penetrate India’s still-complex web of regulations. Wal-Mart bought out its joint venture with Bharti Group, but has named an Indian CEO, signalling its future intentions for the market, according to a Forbes report.
Tesco could beat Wal-Mart into India
Most Recent
Most Read
Canadian Chamber of Commerce responds to threat of 35 percent tariffs from Trump
Mon, July 14th, 2025
Trump threatens 35 percent tariffs on Canadian goods
Fri, July 11th, 2025
Westcap acquires Darmac Framing Systems through portfolio company
Fri, July 11th, 2025
Richelieu posts Q2 financials
Fri, July 11th, 2025
RONA unveils 2024 sustainable activities
Thu, July 10th, 2025
Throwback Thursday: 25 years ago Canadian Tire launched its "Radio Days" summer promotion
Thu, July 10th, 2025
RONA Foundation supports Canadian non-profits
Wed, July 09th, 2025
Dealer News looks at Hardlines Conference, Home Depot acquisition
Wed, July 09th, 2025
BMR and Pierre Naud continue Quebec expansion
Tue, July 08th, 2025
RONA raises $365,000 for the Fondation Charles-Bruneau
Tue, July 08th, 2025