Mercadona said it would invest 8.5 bn euros (7.53 billion pounds) in the next six years on refurbishing stores and improving logistics in a competitive Spanish market.
Shares in French supermarket retailer Carrefour fell sharply after Carrefour posted lower operating profits for a second year running and issued a cautious outlook.
European shares slid as a flurry of uninspiring earnings updates from retailer Carrefour and advertiser WPP kept the mood downbeat.
Nestle said it planned to cut as many as 400 jobs in France in support services and HQ functions, as it sees to cut cost and boost efficiency.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports