Wal Mart

  • Tracy Morgan sues Wal-Mart for crash that killed 1 July 12, 2014

    Trenton: Tracy Morgan has sued Wal-Mart over last month's highway crash that seriously injured him and killed a fellow comedian. The lawsuit, filed Thursday in U.S. District Court in New Jersey, claims Wal-Mart was negligent when a driver of one of its tractor-trailers rammed into Morgan's limousine van. The complaint claims...
  • Retail plans with Bharti Enterprises not tenable, says Wal-Mart October 7, 2013

    Wal-Mart 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. Wal-Mart was expected to make a decision on its Indian retail plans later this month and Bharti will...
  • Lawmakers release documents on Wal-Mart bribery January 11, 2013

    New York: Lawmakers are making public emails that show that Wal-Mart Stores Inc's cheif executive officer found out in 2005 that the retailer was handing out bribes in Mexico. Democratic Congressmen Elijah E Cummings and Henry A Waxman, who are investigating bribery charges at Wal-Mart's Mexico division, on Friday released...
  • No express lane for Wal-Mart, rivals in India September 19, 2012

    Mumbai: For five years, Raj Jain fought to bring Wal-Mart to India. After finally getting his wish on Friday, now comes the hard part for Jain, country head for the world's biggest retailer, which must negotiate a thicket of restrictions to set up shop in the world's second most-populous country. Turning...
  • Wal-Mart, others seek US govt help on India plans July 29, 2012

    Washington: Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers in Washington to garner support for their Indian business expansion plans. As per their latest lobbying disclosure reports filed...
  • Don't let Wal-Mart in, says CPI-M July 16, 2012

    New Delhi: The CPI(M) on Monday denounced US President Barack Obama for asking India to allow Wal-Mart to operate in Indian retail trade and asked the government not to succumb to American pressure. The Communist Party of India-Marxist said it "objects to the remarks by Obama that India open the doors...
  • Wal-Mart flags India, China as most corrupt June 13, 2012

    Washington: Lawyers for Wal-Mart Stores Inc (WMT.N) have flagged Brazil, China, India and South Africa in addition to Mexico, as countries that represent the highest corruption risk in a global review, according to a letter from lawmakers investigating the company. The lawyers said they were retained to review Wal-Mart policies in...
  • Govt to try to convince Mamata for FDI in retail June 7, 2012

    New Delhi: The government has decided to make a renewed push for Foreign Direct Investment (FDI) in retail. Commerce Minister Anand Sharma has appealed to the UPA allies to allow FDI in multi-brand retail and support other key reforms. He said that he would personally speak to West Bengal Chief Minister...
  • Indra Nooyi gets a raise, makes $17 mn in 2011 March 24, 2012

    Washington: PepsiCo's Indian-born chairman and chief executive Indra Nooyi received $17.1 million in compensation in 2011, a 5.8 percent increase from her 2010 package, according to a regulatory filing. The increase was driven largely by changes in the value of her retirement benefits at PepsiCo, according to the Securities and Exchange...
  • Budget 2012: Populism may trump reforms March 12, 2012

    New Delhi: The Congress party's drubbing in assembly elections proved beyond doubt that its populist politics failed to resonate with voters, and yet investors and consumers alike are bracing for more of the same from the besieged ruling party. Hemmed in by maverick allies and the fallout from a slew of...
  • FDI in retail can create 80 lakh jobs: experts December 7, 2011

    New Delhi: Foreign direct investment in the fast-growing retail sector will "significantly" boost hiring activities and has the potential to create about 80 lakh jobs in the country, predict experts. On November 24, the government allowed 51 per cent FDI in the multi-brand retail, paving way for global chains like WalMart,...
  • FTN: Do we need Walmart in India? November 25, 2011

    The Union Cabinet is likely to approve 51 per cent Foreign Direct Investment in multi-brand retailing. Does India need it? Tonight at 10 pm in Face The Nation, CNN-IBN's Deputy Editor Sagarika Ghose asks the crucial question to a panel of experts. ...
  • Survey backs FDI opening in multi-brand retail February 25, 2011

    New Delhi: The Economic Survey on Friday favoured a phased opening of foreign direct investments in multi-brand retail saying it could help address concerns of consumers and farmers, besides bringing technical know-how. Even as the debate over FDI continues, the survey said during 2011-12, projects worth Rs 24,143 crore are expected...
  • Wal-Mart cuts iPhone 3GS price in half May 25, 2010

    Seattle: Wal-Mart says it's cutting the price of the most up-to-date iPhone in half. That's another sign Apple is getting ready to unveil a new model. Wal-Mart says that starting Tuesday the iPhone 3GS with 16 gigabytes of storage space will cost $ 97 with a two-year contract with AT&T. It...
  • Infosys among 3 IT vendors picked by Wal-Mart December 4, 2009

    Mumbai: Wal-Mart Stores Inc, the world's largest retailer, has picked three IT vendors including India's Infosys Technologies for multi-year contracts worth over $600 million, The Business Standard said on Friday. The other vendors are Cognizant Solutions and UST Global, the newspaper said, citing an unidentified source close to the development. Initially the...
  • Bharti, Wal-Mart joint store first to open in India May 30, 2009

    Amritsar: India's Bharti group and Wal-Mart, the world's largest retailer, opened their first cash-and-carry joint venture store in the city on Saturday on an investment of $7 million. They also plan to open at least 15 outlets across the country in the next three years. The stores will be run under...
  • Obama calls on Cong to move quickly on economic plan January 9, 2009

    Washington: Stocks ended mixed on Thursday following news of weak December retail sales and new details from US President-elect Barack Obama about his economic recovery plan. The Dow Jones index fell three-tenths of a per cent ending at 8742. The Nasdaq gained 1.1 per cent closing at 1617. In a policy speech...
  • US consumers stockpile rice, retailers ration grain April 24, 2008

    Reports of rice shortage in India, Indonesia and Africa have spooked American consumers so much so that they're now hoarding rice, prompting major US retailers to ration rice purchases. Bentonville (Arkansas), USA: The two biggest US warehouse retail chains are limiting how much rice customers can buy because of what Sam's...
  • Wal-Mart sorry after staff mocked Muslim woman February 21, 2008

    Riverdale, Utah: Wal-Mart Stores Inc has apologised to a Muslim woman who said she was mocked because of her face veil. "Please don't stick me up," a cashier told the shopper on February 2, according to The Council on American-Islamic Relations. Wal-Mart later apologised in a letter signed by Rolando Rodriquez,...
  • Walmart-Bharti ink deal to start operations in India August 6, 2007

    New Delhi: Retail giant Wal-Mart Stores Inc has inked its entry into India. It has signed a deal with Sunil Mittal-promoted Bharti Enterprises that models their retail joint venture in the wholesale cash-and-carry business. "This venture (Bharti Wal Mart Private Ltd) is committed to bring the whole eco-system together and...
  • Wal-Mart bets bigger on India, adds more products July 25, 2007

    Mumbai: The world's biggest retailer is betting bigger on India. After sourcing products worth $600 million in 2006, comprising largely of apparel, jewellery and textiles, Wal-mart is scaling up. This year it is adding electronics, leather accessories and footwear to its portfolio of products being sourced from India to be...
  • Bharti, Wal-Mart deal likely by mid-March June 19, 2007

    New Delhi: Bharti Enterprises on Friday said that retailer giant Wal-Mart is set to make its official entry into the $300 billion Indian retail market with its cash-and-carry and logistics joint venture with Bharti which is going to be finalised by March end. The Wal-Mart board is going to meet on...
  • First Bharti, Wal-Mart store by 2008 June 21, 2007

    Property prices down will be good news for Bharti as it prepared to enter the $280 billion retail industry. The company will invest $2.5 billion by 2015. In a joint deal Wal-Mart will handle the backend operations. Bharti enterprises if finally ready to dial in to the retail revolution. The...
  • FDI may crush Wal-Mart'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, Wal-Mart 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...
  • Go slow on FDI in retail, Sonia tells PM June 20, 2007

    New Delhi: Foreign direct investment in retail could slow down which is seen as a key growth spot for the economy. Speaking with CNN-IBN the Congress confirmed that party chief Sonia Gandhi has intervened on the subject. Sonia Gandhi, in a letter to Prime Minister Manmohan Singh, asked for a...
  • Bharti keen in Hutchison: Sunil Mittal December 14, 2006

    New Delhi: India’s leading telecom company Bharti is keen in leading international provider of telecommunication services Hutchison Telecom. Bharti Group's head honcho Sunil Mittal says the company is interested in Hutchison only if Ruias approve. "If the Ruias say we would like to talk to Bharti, then we come in. But if...
  • Infosys chief for Bharti-Wal-Mart JV December 1, 2006

    Bangalore: The chief mentor of Infosys, N R Narayana Murthy, on Friday supported the Joint Venture between Bharti Enterprises and Wal-Mart, saying the Indian partner would benefit from the world's largest retail chain's expertise and technology. "What's unique about Wal-Mart is its ability to leverage the power of technology for bringing...
  • So, are you ready to Wal-Mart? November 29, 2006

    New Delhi: So, are you ready to Wal-Mart? When the UPA Government, after much dithering, made an announcement earlier this year to allow 51 per cent FDI in single-brand retail, it was only a matter of time before Wal-Mart tiptoed into India's retail space. Why so? Simply because Wal-Mart is under...
  • Wal-Mart India plan hits political wall November 29, 2006

    New Delhi: Global retail giant Wal-Mart's entry into India through a tie-up with corporate major Bharti was sucked into a political whirlpool on Tuesday, with Left parties dubbing the deal as a 'backdoor entry' by the MNC and the government promising to examine it. A day after the announcement of the...
  • Wal-Mart 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, Wal-Mart to India. Wal-Mart, 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...