It took months of arm-twisting and assurances from New Delhi to persuade British retailer Tesco Plc to take the plunge and become the first foreign player to set up a chain of supermarkets in India.

Tesco's plans for expansion into India have been approved by the country's government. The British retail giant intends to invest $110m (£68m) in India's closely-protected retail sector.

LONDON (MarketWatch) -- British supermarket chain Tesco said Tuesday that it intends to develop a wholesale cash-and-carry business in India. Tesco said it will initially invest up to 60 million ...

MUMBAI/NEW DELHI (Reuters) - Britain's Tesco Plc (LSE:TSCO) is set to become the first foreign supermarket to venture into India's $500 billion (£306.96 billion) retail sector after announcing on ...

Tesco applied to invest close to £70 million, or roughly $114 million, to acquire 50% of Trent Hypermarket Ltd., a retail arm of the Indian conglomerate Tata Group, said a Tesco spokesman ...

Tesco has sought some information from the Indian government on its policy on foreign investment in the retail sector, Chief Executive Philip Clarke said, as the British retailer is looking to ...