In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the fundamentals of the market and also gave recommendations on various stocks.
The company has been focusing on strengthening its merchant base across organised and unorganised retail, and will power e-cash payments with its mobile wallet in outlets of these brands across the nation, it said in a statement here.
It is learnt that the group may announce Trent tie-up on March 3 and it will distribute private FMCG labels via Trent's Star Bazaar stores.
Last year, British retail giant Tesco announced forming of an equal joint venture with Trent by picking up 50 percent stake in Trent Hypermarket Ltd (THL) for about 85 million pounds.
After the approval, Tesco will pick up a 50 percent stake in Trent Hypermarket Ltd, a wholly-owned subsidiary of Trent Ltd , a Tata group company.
Tesco Plc's chief executive said on Friday that a meeting with India's Trade Minister Anand Sharma on the country's retail policy had been reassuring, even as Britain's biggest retailer awaits clarifications on foreign investment.
World No.3 retailer Tesco Plc has put off its plans to set up wholesale stores in India for now, the Business Standard newspaper reported on Monday.
After a pilot experiment last year, international retail giant Tesco, is set to introduce its product portfolio at the hypermarkets of its Indian partner, Trent, reports CNBC-TV18's Tanvi Shukla.
Consumer goods major Hindustan Unilever (HUL) said it has tied up with the Tata Group retail arm Star Bazaar to promote education among the underprivileged children.
Despite the fact that Star Bazaar is still incurring losses, its parent company Trent is very confident about the business model.
Most retail shares surged Monday as investors cheered a recommendation by the government’s Committee of Secretaries to allow up to 51% FDI in multi-brand organised retail.