Bharti Enterprises

  • WalMart paid $334 million to end India partnership April 28, 2014

    Mumbai: WalMart Stores Inc paid about $234 million in debt related to the purchase of a stake in its Indian joint venture with Bharti Enterprises, which the US retailer ended in October last year, according to its 2014 annual report. WalMart, the world's largest retailer, had earlier paid $100 million to...
  • Bharti Enterprises announces top level changes January 28, 2014

    In top level organisational changes, Bharti Enterprises on Tuesday elevated Gopal Vittal to head Airtel's operations in India and South Asia. Vittal is currently Airtel's joint MD amp;amp; CEO (India). Manoj Kohli will also relinquish his position as MD amp;amp; CEO (International) Bharti Airtel and will take over as MD of...
  • WalMart and partner Bharti Enterprises call off India joint venture October 9, 2013

    WalMart Stores Inc and its Indian partner Bharti Enterprises are breaking up their joint venture and will independently own and operate separate businesses in the country, the companies said in a joint statement on Wednesday. WalMart, the world's biggest retailer, will acquire Bharti's 50 percent stake in Bharti WalMart Pvt Ltd,...
  • Retail plans with Bharti Enterprises not tenable, says WalMart October 7, 2013

    WalMart Stores Inc's retail plans with India partner Bharti Enterprises are "not tenable" and both sides are looking for the best way to move forward, an executive with the US retailer told Reuters. WalMart was expected to make a decision on its Indian retail plans later this month and Bharti will...
  • Leader Talk: In conversation with Steve Waugh, Rajan Bharti Mittal August 24, 2013

    In this show we talk about leadership mantras with successful leaders from the world of sports and corporate India....
  • Red tape, graft: India no super market for Walmart July 8, 2013

    Mumbai: Walmart's India expansion is stalled. When India announced last September that it would allow foreign supermarket chains to take majority ownership of their local operations, it marked a victory for Walmart Stores, which had spearheaded efforts to open the market and said its first retail store would open within...
  • Retail FDI won't hit small traders: Rajan Mittal September 30, 2012

    Karan Thapar: Hello and welcome to Devils Advocate. How do businessmen respond to the claim that FDI in retail is bad for India and Walmart in particular perhaps a disaster? Those are the key subjects I should raise today with the Vice Chairman and Managing Director of Bharti Enterprises...
  • BhartiWalmart will be a 5050 pc partnership: Rajan Mittal September 30, 2012

    New Delhi: Ignoring political opposition to Foreign direct investment (FDI) in retail, Bharti Enterprises has already begun talks with Walmart to set up a retail chain in the country. Speaking to Karan Thapar on Devil's Advocate, Bharti Enterprises Vice Chairman and MD Rajan Bharti Mittal clarified that like in their...
  • Walmart plans 35 more India wholesale stores September 12, 2012

    Bangalore: A cash and carry joint venture between WalMart Stores and Bharti Enterprises plans to add threefive stores by end of the year, a spokeswoman for the world's largest retailer said on Tuesday. US group Walmart operates 17 cash and carry, or wholesale stores, in India in partnership with Bharti Enterprises,...
  • Budget 2012: Rajan Bharti Mittal wants reforms in retail March 9, 2012

    Rajan Bharti Mittal, Vice Chairman and Managing Director of Bharti Enterprises, has said that Budget 2012 must provide a clear roadmap for land acquisition and environmental clearance....
  • India Inc fumes at holdback on FDI in retail December 8, 2011

    New Delhi: The government's decision to hold back FDI in retail may have bought peace with the Opposition and certain allies, but voices of disapproval have started coming in from India Inc. Corporate India has given a thumbs down to the Manmohan Singh government for backing down on FDI in retail....
  • FDI in retail will create more jobs: Rajan Bharti Mittal November 29, 2011

    The Bharti Enterprises MD said retailers in Punjab are already reaping benefits with their retail schemes. ...
  • The Reliance juggernaut on the move, again! October 20, 2011

    India, for Paul E Jacobs CEO of $ 11billion telecom research and hardware company Qualcomm has been like a box of chocolates, in a very Forrest Gump way. The good surprise came on June 11, 2010, when Qualcomm won the licence to offer broadband wireless access (BWA) in...
  • RIL to sign deal with Disney's UTV: Report October 12, 2011

    Mumbai: Reliance Industries (RIL), India's largest listed firm, is set to sign a deal with the Indian unit of Walt Disney, to acquire content for its telecom operations, the Financial Times said. The deal by Reliance with UTV Software, in which Disney controls 50.44 per cent, is expected to be...
  • Budget 2011: Rajan Bharti Mittal's suggestions February 25, 2011

    Ahead of Budget 2011, Rajan Bharti Mittal, Vice Chairman and MD, Bharti Enterprises suggests ways to amplify GDP growth. ...
  • Devil's Advocate: Bharti's Sunil Mittal on the hot seat June 22, 2009

    What do the industrialists think of the Indian economy and what steps do they think the Government needs to take to tackle the challenge the country faces. That is the key issue Karan Thapar took up with one of India's top industrialists, the Chairman and Group CEO of Bharti Enterprises,...
  • AIFFBharti scratch Goa from their academy plans March 19, 2009

    New Delhi: The All India Football Federation (AIFF) and Bharti Enterprises have chucked the plan to setup a state of the art Academy in Goa due to the various impediments in acquiring the land. The two bodies were compelled to look for alternate options as the 1, 26,000 sq m ran...
  • WalmartBharti ink deal to start operations in India August 6, 2007

    New Delhi: Retail giant WalMart Stores Inc has inked its entry into India. It has signed a deal with Sunil Mittalpromoted Bharti Enterprises that models their retail joint venture in the wholesale cashandcarry business. "This venture (Bharti Wal Mart Private Ltd) is committed to bring the whole ecosystem together and...
  • Bharti, WalMart deal likely by midMarch June 19, 2007

    New Delhi: Bharti Enterprises on Friday said that retailer giant WalMart is set to make its official entry into the $300 billion Indian retail market with its cashandcarry and logistics joint venture with Bharti which is going to be finalised by March end. The WalMart board is going to meet on...
  • Bharti to invest $2.5 bn to open stores June 21, 2007

    New Delhi: Unveiling its roadmap for the retail venture, Bharti Enterprises announced an investment of $2.5 billion and projected a revenue of $4.5 billion from the new business by 2015 on Monday. "The first store will be opened in the first quarter of 2008. Our plan is to invest $2.5 billion...
  • FDI may crush WalMart's Indian dreams June 20, 2007

    New Delhi: After months of speculation, Bharti enterprises declared in November last year that it would introduce the world's largest retailer, WalMart to India. The venture's first outlets are all set to open their doors to consumers by the August 15 this year. However, there is a blockade in sight. The controversial...
  • WalMart to open 1st outlet by Aug November 28, 2006

    New Delhi/Mumbai: After months of speculation, it's now final that Bharti enterprises will introduce the world's largest retailer, WalMart to India. WalMart, the world's largest retailer, has joined hands with Sunil Mittal's Bharti Enterprises to set up shop in India. The venture's first outlets will open their doors by the August...
  • Deal worth billion dollars, says Mittal November 27, 2006

    New Delhi: Bharti Enterprises has signed an agreement with world's largest retailer WalMart for a joint foray into India's retail space. The companies have inked an MOU and operations expected to kick off mid August. Sunil B Mittal, Bharti Airtel's chief executive officer, declined to divulge the financial details of the...