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Walmart spent $334 mn in severing ties with Bharti Enterprises

Last Updated: Monday, April 28, 2014, 11:42

US retail giant Wal-Mart, which ended 6-year-old joint venture with Bharti Enterprises last year, spent USD 334 million to break ties with the Indian firm.

Walmart trims Q4 guidance after calling off Bharti venture

Last Updated: Thursday, November 14, 2013, 23:12

Global retail giant Walmart Thursday trimmed its fourth-quarter profit guidance by 10 cents a share after scrapping a six-year venture with Bharti Retail in India and closing 50 stores in Brazil and China.

ED finds no violation of FDI guidelines by Walmart

Last Updated: Thursday, October 17, 2013, 18:15

In 2007, Walmart entered into a joint venture with Bharti Enterprises to open wholesale stores, a sector which was open to foreign investors.

Bharti to decide on JV with WalMart in October: Report

Last Updated: Thursday, October 03, 2013, 11:48

WalMart Stores Inc's India partner, Bharti Enterprises, will take a call on the future of its wholesale joint venture with the US retailer this month.

Walmart seeks more time to convert $100 mn Bharti debentures

Last Updated: Monday, September 30, 2013, 23:46

Walmart invested in compulsory convertible debentures (CCDs) issued by Cedar Support Services Ltd, a subsidiary of Bharti Ventures, in 2010. The deadline for conversion of the CDDs into equities ended today.

Probe report on graft charges against Walmart by April: Govt

Last Updated: Wednesday, February 27, 2013, 19:10

A government appointed one-man committee that is investigating alleged corruption charges against the retail giant Walmart in India will submit its report by April, Parliament was informed Wednesday.

'Lobbying disclosure doesn't reflect improper conduct in India'

Last Updated: Wednesday, December 12, 2012, 20:02

"This disclosure has nothing to do with political or governmental contacts with Indian Government officials," a Bharti Walmart Spokesperson said in a statement.

Bharti Walmart denies spending money in India for market access

Last Updated: Monday, December 10, 2012, 21:17

Bharti Walmart Monday denied allegations that money was spent by the global retail giant in India to gain market access here.

Bharti Walmart opens 2nd store in Bhopal

Last Updated: Wednesday, October 31, 2012, 19:27

The cost of setting up one such store is Rs 35 crore and the company has already established three wholesale units in the state, including one at Indore.

Wal-Mart's investment in Bharti arm as per law: Rajan Mittal

Last Updated: Tuesday, October 30, 2012, 12:20

Bharti Enterprises has rejected allegations that it had violated rules in the investment by Wal-Mart Stores Inc in its subsidiary.

Bharti Walmart not to wait for all states to allow retail FDI

Last Updated: Wednesday, September 26, 2012, 17:58

The company is a 50:50 joint venture between Bharti Group and US-based Walmart for wholesale cash and carry.

Violation of FDI policy: HC issues notice to Bharti Walmart

Last Updated: Wednesday, August 22, 2012, 21:24

Walmart entered in a joint venture with Bharti Enterprises in 2007 for carrying out cash and carry wholesale trade in India.