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Wal-Mart to open 50 wholesale stores in India in 4-5 years

Last Updated: Tuesday, April 08, 2014, 19:29

Deciding to focus on the cash-and-carry segment in India, retail giant Wal-Mart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country.

Walmart to incur higher charges on India joint venture split

Last Updated: Sunday, February 02, 2014, 14:28

Various charges, including that related to India joint venture, would also be impacting its quarterly as well as full-year earnings, according to the retailer.

Global retailer Wal-Mart sets up new company in India

Last Updated: Sunday, January 19, 2014, 17:25

Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country's lucrative multi-brand retail market with a new partner.

Govt to act against Walmart if found violating Indian laws

Last Updated: Wednesday, December 18, 2013, 18:04

Walmart had partnered with Bharti for operations in the Indian retail sector, but parted ways in October.

Walmart gets CCI approval to buy Bharti's stake in Indian JV

Last Updated: Monday, December 16, 2013, 20:12

Earlier this month, the CCI had asked Walmart and Bharti Ventures Limited (BVL) to "remove certain defects and provide" certain additional details for the approval.

Anand Sharma cancels meeting with Walmart chief

Last Updated: Thursday, October 31, 2013, 18:07

In a move that is being seen as a snub to Walmart, Commerce and Industry Minister Anand Sharma on Thursday cancelled a meeting with US retail giant's Asia head Scott Price.

Walmart resumes US lobbying on FDI in India

Last Updated: Sunday, October 27, 2013, 15:52

Global retail giant Walmart has resumed its lobbying with the US lawmakers on matters related to FDI in India and it spent USD 1.5 million on about 50 specific issues, including those related to Indian market during the last quarter.

Retail plans with Bharti "not tenable": WalMart India

Last Updated: Sunday, October 06, 2013, 10:48

WalMart was expected to make a decision on its Indian retail plans later this month and Bharti will accordingly decide if those plans match its overall retail ambitions.

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.

Walmart optimistic about growing wholesale business in India

Last Updated: Monday, September 09, 2013, 21:42

US-based retail giant Walmart Monday said it is optimistic about growing its wholesale cash and carry business in India, which it runs together with Bharti Enterprises.

Walmart India plans possibly at final stage: Govt

Last Updated: Friday, August 30, 2013, 22:15

Global retail giant Walmart is expected to soon firm up its plan to foray into India's multi-brand sector, a top government official Thursday said.

Walmart lobbying: Panel probing charges to submit report by Apr

Last Updated: Monday, March 11, 2013, 18:14

In January, the Union Cabinet had decided that the probe would be conducted by a retired judge of Supreme Court or Chief Justice of a High Court.