Bharti Walmart

  • 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...
  • Walmart to open 50 wholesale stores in India in 4-5 years April 8, 2014

    New Delhi: Deciding to focus on the cash-and-carry segment in India, retail giant Walmart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country. About six months after breaking up with the Bharti group, the Bentonville-based firm said on Tuesday...
  • 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,...
  • Walmart lobbying inquiry inconclusive; fresh probe likely June 30, 2013

    New Delhi: Walmart may face a fresh probe into its lobbying activities for entering India, after issues raised by a oneman inquiry committee, set up by the government earlier this year to look into this matter, were stonewalled by the global retailer. The inquiry conducted by the panel remained inconclusive...
  • Probe panel on Walmart lobbying to meet on Monday May 5, 2013

    New Delhi: The governmentappointed panel looking into Walmart's lobbying with American lawmakers for its entry into the Indian market is likely to meet on Monday and deliberate on information provided by the retail giant. The oneman committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, during...
  • Lobbying case: Probe panel seeks more details from Walmart April 10, 2013

    New Delhi: A government appointed probe panel looking into Walmart's lobbying with US lawmakers for its India entry on Wednesday sought fresh details from the global retailer and it expects to complete the investigation by June. The oneman panel of former Chief Justice of Punjab and Haryana High Court Mukul Mudgal,...
  • Probe panel meets Walmart officials, seeks lobbying details March 23, 2013

    New Delhi: A governmentappointed inquiry committee, looking into the US lobbying activities of Walmart Stores for Indian market foray, on Friday met senior executives of the global retail giant and sought details on the issue. The Committee met the representatives of Walmart Asia as well as those of Bharti Walmart...
  • Disclosures not linked to Indian govt contacts: Walmart December 12, 2012

    New Delhi: US retail giant Walmart has responded to the charges being levelled by the Opposition leaders in India. A company statement says, "These disclosures have nothing to do with political or governmental contacts with India government officials." According to a US law of 1995, all companies that lobby for a...
  • Walmart lobbying row: Oppn demands JPC probe into the issue December 11, 2012

    The government also conceded that they would order an investigation into the issue after Parliament was disrupted for two continuous days. ...
  • Walmart lobbying: Govt says it's ready for a probe December 11, 2012

    New Delhi: The Opposition on Tuesday continued to derail both the Houses of Parliament over retail giant Walmart lobbying report. The Opposition is demanding an investigation by the Joint Parliamentary Committee (JPC) in to the issue. Following the pressure from the opposition parties over the issue, the government also conceded...
  • Did Walmart attempt to illegally influence FDI in retail? December 10, 2012

    Bharti Walmart on Monday denied allegations that it spent money in India to gain market access. ...
  • Allegations of lobbying are entirely false: Bharti Walmart December 10, 2012

    New Delhi: Bharti Walmart on Monday denied allegations that it spent money in India to gain market access here. "These allegations are entirely false. In accordance with US law, US companies are required to disclose the issues and expenditures associated with lobbying on a quarterly basis," a Bharti Walmart spokesperson...
  • How Walmart got a foot in the door of retail market December 5, 2012

    Mumbai: Walmart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began...
  • Flipkart, Bharti Walmart under ED scanner December 4, 2012

    New Delhi: The Enforcement Directorate has been asked to investigate alleged violation of Foreign Direct Investment regulations by ecommerce company Flipkart Online Services and cash & carry chain Bharti Walmart. References alleging that some companies are carrying out activities in violation of the FDI policy in retail market have been received,...
  • Mumbai: Bharti Walmart suspends CFO, others November 23, 2012

    Mumbai: The Indian joint venture of Walmart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of US antibribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment. Walmart, the world's largest retailer, said last...
  • Will FDI in retail benefit farmers in Punjab? December 1, 2011

    Ludhiana: In the midst of the political cross fire over the impact of retail foreign direct investment (FDI) on small traders, the question is will FDI in retail benefit farmers who would be the back bone for the supply chain to hyper markets. CNNIBN traveled across villages in Punjab where Bharti...