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BHARTI WALMART INDIA
Walmart Stores spent $334 mn to end its deal with Bharti Enterprises, resulting in a net loss of $151 mnBharti-Walmart alliance turned rocky in last two years as the US firm focused attention on an internal probe to check violation of anti-bri...
Walmart halts expansion of cash & carry stores till 2015Walmart plans to shelve the expansion of its cash-and-carry stores in India until 2015 as the US retailer focuses on compliance with US ant...
Bharti, Walmart end JV; Walmart may buy out cash & carry stake for Rs 1,000 crThe announcement puts an end to the prospects of a joint retail venture, almost exactly a year after India eased overseas investment rules ...
Bharti ropes in ex-Walmart India head Raj Jain as Group AdvisorJain had joined Walmart in 2006 and during his tenure, the company set up the wholesale cash-and-carry joint venture with Bharti Enterprise...
Bharti, Walmart call off India JV; to independently pursue retail businessWith the split Wal-Mart will get 100% ownership of the Best Price Modern Wholesale cash & carry biz while Bharti will continue to operate '...
Retail plans with Bharti Enterprises 'not tenable': Walmart Asia headWal-Mart was expected to make a decision on its Indian retail plans and Bharti will accordingly decide if those plans match its overall ret...
Amid exit talks, Walmart seeks to delay $100 million CCD swap"As permitted by law, we have filed for an extension of the conversion date for the CCDs. We have nothing further to share at this time."
Bharti Walmart agents seek dues, threaten legal action against the retailer“We will provide the additional documents they have asked for and if we still do not get our dues, then we will go to the court,” one of th...
Walmart optimistic about growing wholesale business in IndiaWalmart said India is an important market for it and the company continues to study implications of the new FDI policy on its business.
Walmart Stores unlikely to convert $100 mn loan into equity of Indian retail armWalmart had invested $100 mn via CCDs into Cedar Support Services, the holding firm of Bharti Retail, with an option to convert it into a 4...
Airtel ropes in Bharti Walmart's suspended CFO, Pankaj MadanA person with direct knowledge of the matter said Madan joined Airtel's global finance team headed by group CFO Shrikanth Balachander.
Bharti Walmart ropes in former Morgan Stanley executive Ritika Ratti to head anti-graft cell in USRitika Ratti, a former Morgan Stanley executive, will report to Walmart’s global head of anti-graft department in Bentonville, US.
The Inside Story: Walmart and the shadow of corruptionWalmart is investigating its Indian JV for possible violations of US anti-corruption law. ET narrates the inside story of how things came t...
Bharti Walmart severs ties with licence facilitators, Retailers Association of India says stores require up to 51 permissionsBharti Walmart, Bharti Retail have severed ties with 24 consultants who had helped them secure licences for operating cash and carry, retai...
- Bharti Walmart scraps plan to start online operations
Bharti Walmart has scrapped its plans to start online operations after over a year of preparations and dismissed Dippankar Halder who was h...
PIL against Walmart for reaching end customers via Bharti RetailA social activist has filed a case in the Delhi HC alleging that the US-based Walmart is carrying retailing to the end consumer through Bha...
- FDI in Retail: Walmart may not operate under its brand name
Bagaria added that Walmart-branded store could come in after 4-5 years as the quality of the existing and new stores is on a par with its A...