Tesco

TESCO, World's 3rd largest retail chain, has filed its application to open its chain in India. It has partnered with TATA’s Trent retail operations, and has promised that it will invest $110 million into this joint venture.

News on opening up of multi-brand retail segment to foreign chains is all over the place in today’s morning newspapers. Still, I would like to address a few important points over here for the benefit of our readers as to the fine print of…