Blog
January 4, 2014
Raj Jain to Head Bharti Retail
The firm also appoints Pankaj Madan, formerly CFO at Bharti-Walmart, as CFO Bharti Retail Ltd, the multi-brand retail venture of Bharti Enterprises, on Friday announced the appointment of former Walmart India head Raj Jain as the company’s chief executive […]
Blog
December 17, 2013
Walmart gets CCI’s approval to buy Bharti’s 50% stake in Indian JV
Global retail giant Walmart has got fair trade regulator CCI’s green signal for purchase of BhartiBSE 4.17 % group’s almost 50 per cent stake in their Indian joint venture for wholesale stores business. The JV, Bharti Wal-Mart Private Ltd, was […]
Blog
October 10, 2013
Walmart Splits from Indian Retail Partner
Walmart dissolves partnership with Bharti Enterprises saying strict government regulation hinders India expansion plans. Walmart Stores has said that it would be splitting from its Indian business partner and cannot move forward with plans for its own retail stores in […]
Blog
August 28, 2013
Wal-Mart Remains Committed to India
News that Wal-Mart has applied the brakes to its India expansion is no indication the retailer has gotten cold feet, despite a management shake-up and an ongoing investigation tied to the Foreign Corruption Practices Act. Wal-Mart said Tuesday (Aug. 27) […]
Blog
June 1, 2013
Walmart to buy 49% in holding company of Bharti Retail, Cedar Support for Rs 455.8 cr
Walmart Stores Inc, the world’s largest supermarket, looks set to become the first foreign company to invest in multi-brand retail by buying a 49% stake in Cedar Support Service, the holding company for Bharti Retail, in September for Rs 455.8 […]
Blog
October 11, 2012
Retailers Eye tie-ups in Passage to India
Global operators are likely to initiate a flurry of courtships as they seek suitable Indian partners after India’s decision to ease foreign direct investment (FDI) rules for the retail industry. Deals will be complicated by the piecemeal nature of the […]
Blog
September 15, 2012
India Opens Door to Foreign Investment
India ushered in the biggest economic reforms in two decades on Friday, allowing big foreign retailers like Walmart, foreign broadcasters and foreign airlines to invest in the country, among other reforms. The central government, led by the Congress Party, is […]
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