Trent Hypermarket Ltd

According to the Trent, its results are not comparable as British retail major Tesco picked up stake in 50 per cent stake in Trent Hypermarket Ltd (THL) during the year.

The extant FDI policy in Multi-Brand Retail Trade (MBRT) stipulates that at least 30 per cent of the value of procurement of manufactured/processed products purchased shall be sourced from Indian micro, small and medium industries, which have a total investment in plant & machinery not exceeding $2 million.

Tata group retail firm Trent Ltd on Thursday reported an over three-and-half-fold increase in standalone net profit at Rs 61.11 crore for the first quarter that ended on June 30, 2014-15, boosted by partial sale of stake in Trent Hypermarket to Tesco of the UK.

The Competition Commission of India (CCI) has cleared British retail major Tesco's purchase of a 50 per cent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012.

The companies, which the report estimated generated $3.98 billion or Rs 23,482 crore in revenue during the same period, include Wal-Mart's Indian operations which run the Best Price Modern Wholesale stores, Metro Cash & Carry India, Aditya Birla Retail, Bharti Retail Ltd, Reliance Fresh Ltd which is a part of Reliance Industries, and Trent Hypermar...

Tata group firm Trent Ltd on Thursday said it has reappointed Philip Auld as chief executive officer (CEO) and manager of the company for a period of three years with effect from May 1, 2014.

British retail major Tesco and Tata group company Trent, which formed a joint venture for multi-brand retail, are mum on their future plans in the wake of the Bhartiya Janata Party (BJP) opposing foreign direct investment (FDI) in multi-brand retail in its manifesto.

Tata has overseen growth of the company since Trent took over the business of the UK-based company Littlewoods International (India) in 1998.

As the Foreign Investment Promotion Board gives nod to Tesco's proposal to invest $110 million in India's multi-brand retail segment, the UK-based company said it will allow it to work on practicalities of setting up a joint venture with Tata group firm Trent.

Tesco, the world's third-largest retailer, plans to invest $110 million in a joint venture with the Tata Group. Tesco will pick up a 50 per cent stake in Trent Hypermarket Ltd, a subsidiary of Trent Ltd, a Tata group company.

If the application is approved, Tesco will pick up a 50 per cent stake in Trent Hypermarket Ltd, a wholly owned subsidiary of Trent Ltd, a Tata group company.

Last week, UK-based Tesco Plc became the first global retailer to seek government's approval to set up multi-brand outlets in India with a plan to invest $110 million in partnership with Tata's Trent.

Tesco, which has sought the government's permission to buy a 50 per cent stake in Tata-owned Trent Hypermarket Ltd, will have to invest atleast $55 million in creation of fresh back-end infrastructure, according to sources.

Tata Group firm Trent Ltd today reported a marginal increase in its net profit for the third quarter

According to the Trent, its results are not comparable as British retail major Tesco picked up stake in 50 per cent stake in Trent Hypermarket Ltd (THL) during the year.

The extant FDI policy in Multi-Brand Retail Trade (MBRT) stipulates that at least 30 per cent of the value of procurement of manufactured/processed products purchased shall be sourced from Indian micro, small and medium industries, which have a total investment in plant & machinery not exceeding $2 million.

Tata group retail firm Trent Ltd on Thursday reported an over three-and-half-fold increase in standalone net profit at Rs 61.11 crore for the first quarter that ended on June 30, 2014-15, boosted by partial sale of stake in Trent Hypermarket to Tesco of the UK.

The Competition Commission of India (CCI) has cleared British retail major Tesco's purchase of a 50 per cent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012.

The companies, which the report estimated generated $3.98 billion or Rs 23,482 crore in revenue during the same period, include Wal-Mart's Indian operations which run the Best Price Modern Wholesale stores, Metro Cash & Carry India, Aditya Birla Retail, Bharti Retail Ltd, Reliance Fresh Ltd which is a part of Reliance Industries, and Trent Hypermar...

Tata group firm Trent Ltd on Thursday said it has reappointed Philip Auld as chief executive officer (CEO) and manager of the company for a period of three years with effect from May 1, 2014.

British retail major Tesco and Tata group company Trent, which formed a joint venture for multi-brand retail, are mum on their future plans in the wake of the Bhartiya Janata Party (BJP) opposing foreign direct investment (FDI) in multi-brand retail in its manifesto.

Tata has overseen growth of the company since Trent took over the business of the UK-based company Littlewoods International (India) in 1998.

As the Foreign Investment Promotion Board gives nod to Tesco's proposal to invest $110 million in India's multi-brand retail segment, the UK-based company said it will allow it to work on practicalities of setting up a joint venture with Tata group firm Trent.

Tesco, the world's third-largest retailer, plans to invest $110 million in a joint venture with the Tata Group. Tesco will pick up a 50 per cent stake in Trent Hypermarket Ltd, a subsidiary of Trent Ltd, a Tata group company.

If the application is approved, Tesco will pick up a 50 per cent stake in Trent Hypermarket Ltd, a wholly owned subsidiary of Trent Ltd, a Tata group company.

Last week, UK-based Tesco Plc became the first global retailer to seek government's approval to set up multi-brand outlets in India with a plan to invest $110 million in partnership with Tata's Trent.

Tesco, which has sought the government's permission to buy a 50 per cent stake in Tata-owned Trent Hypermarket Ltd, will have to invest atleast $55 million in creation of fresh back-end infrastructure, according to sources.

Tata Group firm Trent Ltd today reported a marginal increase in its net profit for the third quarter