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Probe into Walmart investments to take more time: ED

Last Updated: Friday, March 01, 2013, 20:58

ED has issued summons to Bharti Wal Mart Ltd officials for clarifications in connection with the documents received from the concerned companies and government departments, an affidavit filed by a top ED official said.

ED begins scrutiny of Walmart replies

Last Updated: Tuesday, January 29, 2013, 18:34

The company has recently sent a detailed reply to the agency as part of communication to notices sent to it earlier under the Foreign Exchange Management Act (FEMA), official sources said.the

India assures full support to Walmart, Tesco

Last Updated: Friday, January 25, 2013, 00:05

India Thursday assured global retail giants Walmart and Tesco that it will hand hold them for their entry into the just opened multi-brand retailing in the country.

'Lobbying needs to be defined; cos should make disclosures'

Last Updated: Sunday, December 23, 2012, 13:59

There has been a heated debate within Parliament and outside in the recent past on lobbying after it came to light that various global companies, including retail giant Wal-Mart, lobbied with the US lawmakers to push for their entry and other business interests in the Indian markets.

Done nothing improper, will cooperate in Indian probe: Walmart

Last Updated: Friday, December 14, 2012, 11:47

Retail giant Walmart has said it will provide "relevant information" to the Indian authorities for the judicial probe announced due to pressure from Opposition parties on the issue of the company's lobbying efforts in the US regarding India’s multi-brand retail sector.

No violation of laws in lobbying by Walmart: US

Last Updated: Tuesday, December 11, 2012, 09:24

Amid controversy over reports that Walmart spent nearly Rs. 125 crore for lobbying with lawmakers to get access to Indian market, the US has said the global retail giant did not violate any American law as far as the matter is concerned.

Bharti Walmart suspends 5 including CFO in graft probe

Last Updated: Friday, November 23, 2012, 09:19

Bharti Walmart has suspended five people, including CFO Pankaj Madan, as part of an ongoing global investigation by the US retail giant against alleged corrupt practices, sources said.

Investigating allegations of corrupt practice in India: Walmart

Last Updated: Thursday, November 15, 2012, 21:01

World's largest retailer Walmart Thursday said it is investigating allegations of corrupt practices against it in foreign markets, including India.

Wal-Mart, others seek US govt help on India plans

Last Updated: Sunday, July 29, 2012, 12:40

Wal-Mart Stores, which has been trying to set multi-brand shops in India for a long time, spent nearly USD 1.5 million on lobbying in the last quarter ended June 30, 2012 on various issues, including matters "related to FDI in India."