The chain readies to expand its footprint as Bharti focuses on its retail venture.
The two former partners own about 100 such properties; expansion of Best Price, EasyDay stores only after transactions linked to the split are over.
US retail chain Walmart is awaiting a decision by its board decision on its India strategy, including its partnership with the Bharti group.
The one-year extension would give Walmart and its Indian joint venture partner in the cash and carry business, Bharti Group, more time to sort things out and decide on a retail foray together, people in the know said.
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A letter issued on Monday was jointly addressed to the US commerce secretary and trade representatives.
It will escalate costs, mandate regulator to check malpractices, set standards.
Move to hasten rollout and, if successful, set a precedent for new banking firms.
For the past few weeks, the government has been in an overdrive, pushing stuck projects with the larger aim to improve the country's economic growth, which had fallen to a four-year low of 4.4 per cent in the first quarter of this financial year.
The company claims it is selling as many tablets internationally as it is retailing in India.
DLF says it has started the process of giving possession of housing units at New Town Heights project according to its commitment
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
In another significant senior-level realignment at Infosys, V Balakrishnan, one of the two internal candidates being considered for the chief executive's post, has been given additional charge of the new utilities and resources vertical.
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After setting up a committee under N Rangachary last year to look at taxation issues regarding the sector, the government has issued several notifications in the last eight months.
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
An order, issued last year, makes it mandatory for certain electronic products being sold in the Indian market to comply with BIS specifications
This could mean an end to the talks for a possible partnership between the two firms in the multi-brand retail space -- less than a year after 51 per cent foreign investment was allowed in the sector.
Finance ministry asks bank, insurance & market regulators to issue notifications
Walmart's US Senate filings on Indian market missing
HCL's president & CEO Anant Gupta talked to Business Standard about the demand environment, its in the European market and Roshni Nadar's induction into the company's board of directors.
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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
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