“FIPB Nod For Tesco A Small Step Forward”
  • Prabha Hedge
  • Dec 31 2013

December 31: FIPB cleared Tesco's plan to invest $110 million in the multi-brand retail sector, making the U.K.-based retailer the first foreign player to open stores in India. Tesco will buy 50% stake in Tata Group's Trent Hypermarkets. Bloomberg TV India speaks to Abheek Singhi, Partner, Boston Consulting Group, about the same.