Indian Shares

 Inflation in India rose more than expected in early February to a six month high on rising food prices and fuel prices. Inflation remains below the Indian central bank's target rate of 5% but economists say it could breach that level in the near future"

More info food and fuel.

The BBC reports that:

"The Argos retail name is to be taken to India through a franchise deal with two of the country's leading store chains. Argos will license its brand and product catalogue for use in retail outlets in India, with the first due to open in Mumbai later this year. Argos, which is part of the Home Retail Group, said the deal would give it a "foothold" in a fast-expanding market."

Several other British retailers including Mothercare have used the franchise model to enter India.

TESCO has grown immensely in the UK market and internationally in recent years, to the point that concerns are being raised by British MPs about its sheer size.
To support its phenomenal growth the company has turned to India, where it has created its own business support centre instead of turning to Business Process Outsourcing (BPO). The Business Support Centre in Bangalore will be used for IT development and Business Process support.

The Business Support centre will initially focus on TESCO financial services and online customer service activities.

Tesco Hindustan Service Centre (HSC)