• Sign Up
  • |
  • Sign In Sign Out
  • |
  • Make us your home
  • |
  • RSS
1 2
1 15
1 4
1 9
1 13
1 14
IPO
1 25
1 5018
SME
1 5018
  • FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
  • MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
  • DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
  • TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
  • TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
  • AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
  • AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
  • AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
  • RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
  • PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
  • MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
  • USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
  • TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
  • PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
  • TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
  • GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
  • DEAL VALUED AT AROUND RS.6000 CR : SOURCES
  • MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
  • SENSEX, NIFTY UP 1% EACH FOR THE WEEK
  • CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
  • METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
  • INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
  • APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
  • ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
  • RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
  • RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
  • JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
  • CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
  • GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
  • NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
Updated: 12/08/2008 | 02:03 PM IST
Tesco enters wholesale biz on its own; retail with Tatas
Press Trust of India
Tuesday, August 12, 2008 (Mumbai)
Comments:
Read (0)

Global retail giant, Tesco, on Tuesday said that it would develop a wholesale cash-and-carry business in India with a 60-million pounds investment and have an exclusive franchise agreement with Tata's Trent for hypermarket business.

The wholesale business of Tesco will initially be based in Mumbai and will offer a comprehensive range of fresh food, grocery and non-food products to small retailers, restaurants, kirana stores and other business owners, a Tesco press release said.

The 60-million pounds will be the initial investment in the first two years, Tesco said, adding that the business will provide farmers and other suppliers with a highly-efficient route to market.

The UK-based retailer is also entering into an exclusive franchise agreement with Tata group company, Trent, which would allow Trent access to Tesco's retail expertise and technical capability.

On its exclusive franchise agreement with Trent, the release said that the retail arm of the Tata group would be able to draw on the British chain's extensive retail expertise and technical capability to support the development of Trent's hypermarket business, Star Bazaar.

Trent's Star Bazaar is an established player in the hypermarket business in the country having four stores presently and with plans to grow to 50 stores over the next five years, the release said.

Comments:
Read (0)
Comments
 
Market Watch
         
Graphs
Stocks

                                Moremore
Stock Dashboard
Trading Calls
Rupal Saraogi
Rupal Saraogi
2.09% status
Current: Rs 1755.5
Simi Bhaumik
Simi Bhaumik
2.43% status
Current: Rs 2335.75
Stock Recos
The investors should remain invested in the stock
The investors can book partial profit and hold the remaining stock with a stoploss of closing below Rs 105
Buy or Sell
Today's Analyst: Neera Jain
Query : Sukhendu, an investor from Mumbai, has 500 Wockhardt at Rs 184/share.