Tesco to invest USD
110 million in India Trent says
- Tesco in talks with company to buy stake in Trent Hypermarket
- Tesco will apply to Foreign Investment Promotion Board (FIPB) for hypermarket stake buy
- Tesco to own 50 percent in hypermarket if FIPB approves deal
- Tesco, company plan to operate on existing Star Bazaar stores
Commerce Minister
Anand Sharma :
- Welcome Tesco's decision to invest in India
- Tesco to establish stores in Maharashtra, Karnatak
- Expect other international retailers to look at investing in India
- Tesco investment to help transforming Indian retail industry
- MBR FDI policy's key objective to manage post harvest losses
- MBR policy seeks to secure remunerative prices for farmers
CNBC-TV18 Exclusive:
Tesco says –
- Like working with the Tata group in India
- Have developed great relations with local suppliers, farmers
- See tremendous potential in Indian market along with Tatas
PSU banks in focus
- Banks to go on strike today
- Trade unions have decided to go on day long strike to press for wage revision and other demands
PTC India divests
16.76 percent stake in Meenakshi Energy for Rs 209 crore PTC India:
- Meenakshi Energy setting up 1,000 MW Andhra power plant
- Meenakshi Energy commissioned 300 MW of Andhra plant
Other stocks and
sectors that are in news today:
- I-T Department versus Kingfisher Airlines (KFA): Karnataka High Court reserves order in TDS case against KFA
- Domestic roadshows for IOC divestment to begin today will end on December 20
- JM Financial allots 1.2 crore warrants to Vikram Pandit at Rs 19.05 apiece on a preferential basis
- JK Tyre allots 43 lakh warrants to promoters at Rs 115/Warrant
- Tata Steel puts Borivli land worth Rs 1000 crore up for sale: Mumbai Mirror
- Corporate action: HCL Technologies ex-date for dividend Rs 6 per share
- Board Meeting: Pipavav Defence AGM
SEBI chairman UK
Sinha says
- Will consider not making IPO grading mandatory
- To consider making IPO grading non-compulsory in 7-10 days
- Shelf prospectus eligibility to list should be expanded
- To initiate process to bringing SMEs and PEs on common platform
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