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WalMart, Bharti part ways to pursue separate retail biz in India

Last Updated: Wednesday, October 09, 2013, 09:57

Bharti Enterprises has said that Wal-Mart will get 100 percent ownership of the Best Price Modern Wholesale cash and carry business.

Wal-Mart’s plans to become India’s top retailer by 2015 hit roadblock

Last Updated: Tuesday, April 02, 2013, 18:15

Three years ago Wal-Mart Stores Inc. set out to be India's top retailer by 2015, calling it Project Jai Ho, meaning ‘let there be victory’.

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.

Studying India's conditions on FDI in retail: Walmart

Last Updated: Friday, January 25, 2013, 00:04

US-based global retail giant Walmart Thursday said it is studying the conditions related to India's allowing foreign direct investment in multi-brand retail before making the final announcement on its entry plans.

Walmart denies any wrongdoing in India

Last Updated: Wednesday, December 12, 2012, 09:17

Walmart had triggered a controversy in India after it revealed about Rs 125 crore was spent in India.

No early hearing on Wal-Mart lobbying issue: SC

Last Updated: Tuesday, December 11, 2012, 18:49

"This is not a matter which should be given priority now. We won't pass any orders. You may make an application," a bench headed by Chief Justice Altamas Kabir said.

Anand Sharma evasive on Walmart graft allegations

Last Updated: Sunday, November 18, 2012, 21:54

The world's largest retailer has disclosed that it is investigating allegations of corrupt practices and alleged violations of US anti-bribery law in India, China and Brazil, expanding similar ongoing investigations in Mexico.

Bharti in talks with Wal-Mart for rolling out front-end stores

Last Updated: Sunday, October 28, 2012, 12:23

The company also feels big multi-brand retailers will not sound the death knell of small kirana stores as both formats can co-exist.

Bharti hopeful of 50:50 JV with Wal-Mart for retail stores

Last Updated: Sunday, September 30, 2012, 13:26

The two companies have an equal partnership in wholesale business and the Indian partner is hopeful of replicating it in the retail business.

Wal-Mart's Rs 455cr investment in Bharti arm illegal, ban it: MP

Last Updated: Monday, September 10, 2012, 22:00

Achuthan alleged that Wal-Mart's investment of Rs 455.8 crore in Cedar Support Services Ltd, a subsidiary of Bharti Ventures, via compulsorily convertible debentures flouted FDI rules.

RBI has no data of Wal-Mart's Rs 455 cr in Bharti unit

Last Updated: Wednesday, September 05, 2012, 19:04

In a written reply to the Rajya Sabha, Commerce and Industry Minister Anand Sharma said on March 29, 2010, Cedar Support Services Ltd (a subsidiary of Bharti Ventures) issued 45.58 crore compulsorily convertible debentures (CCDs) with face value of Rs 10 each.