The company launched its first store in Amritsar in May, 2009.
The Walmart investigation is under the Foreign Corrupt Practices Act, and the company follows a global compliance programme in every country it operates in.
Bharti Tele-Ventures on Wednesday announced measures for the relief and rehabilitation programme for victims of the tsunami disaster.
Bharti Wal-Mart's plan to open its first cash-and-carry store in the country at Amritsar on Tuesday has been postponed because of law and order problem in Punjab following violence sparked by killing of a Dera leader in Austria. "Due to the situation in Punjab, Bharti Wal-Mart is postponing the launch of its cash-and-carry wholesale store 'Best Price Modern Wholesale'," the company said on Monday.
Bharti Walmart Pvt Ltd will invest over $40 million (around Rs 180 crore) in India by March next year to set up to six new 'Best Price Modern Wholesale' stores to expand presence in the country.
Bharti Wal-Mart Pvt Ltd, the joint venture between Bharti Enterprises and retail giant Wal-Mart, opened its first cash-and-carry (wholesale) store in India at Amritsar in Punjab on Sunday.
India's largest cellular services provider Bharti Tele-Ventures Ltd's customer base in Delhi has touched one million, an industry official said on Monday.
Riding high on the retail boom in India, Bharti Retail on Wednesday opened its first store in Ludhiana.Meanwhile, the Bharti-WalMart joint venture is likely to kick off its cash and carry (wholesale) business in the third quarter of this year.
Bharti Enterprises will kick off its retail venture early next year, opening half-a-dozen stores -- branding of which is still being worked out with its back-end partner Wal-Mart.
While Bharti's retail stores will be fully Indian, they will be able to take advantage of the tremendously low prices and technology advantages that Wal-Mart will bring to Mittal-Mart's sourcing.
While elaborating on its international business, including the cash-and-carry or wholesale stores in a joint venture (JV) with the Bharti group, Walmart has pointed out that the list does not include the 'franchised' retail stores.
Bharti Group's retail venture in partnership with the world's biggest retailer Wal-Mart is going to be a low-key affair with its launch planned in phases over a period of time.
200 hypermarket and large format stores by 2010.
Sunil Mittal-promoted Bharti Enterprises, offering telecom services, on Wednesday picked up 4.99 per cent stake in private sector Bank of Punjab for a consideration of Rs 24.52 crore (Rs 245.2 million).
The two former partners own about 100 such properties; expansion of Best Price, EasyDay stores only after transactions linked to the split are over.
Close on the heels of striking 3 major outsourcing deals with Ericsson, IBM and Nokia totalling over $1400 million, Bharti Tele Ventures on Thursday awarded another $50 million contract to Siemens to build and manage AirTel networks in 3 circles.
Bharti Tele Ventures Ltd has informed the Bombay Stock Exchange that Bharti Infotel Ltd, a wholly owned subsidiary of the company has signed an agreement with Max India to acquire 100 per cent equity stake in Comsat Max, a leading provider of VSAT an
Even as the government deferred the decision to enhance foreign investment limit in telecom, Sunil Mittal-owned Bharti Group said on Thursday that its offer to buy Canadian TIW's 27.5 per cent stake in Hexacom has been terminated
The world's largest retail chain, the $446-billion Walmart, is likely to be the first international player to take off in India with its supermarket format. The Bentonville-based US giant is, in fact, ready with a network of 195 stores across India if it decides to extend its back-end and cash-and-carry partnership with Bharti Enterprises to front-end retail.
Bharti group chairman Sunil Bharti Mittal today asserted that the question of buying Hutchison's stake in its Indian joint venture Hutchison Essar Ltd would only arise after the Ruias had decided the future course of action.
The Bharti Group is raising $320 million in loans from a clutch of banks, including ABN AMRO and Singapore's DBS Bank, group chairman Sunil Mittal said on Tuesday.\n\n\n\n
A sharp dresser, with a prominent jawline, Kohli will now have to contend with aggressive competition from Vodafone-Essar, perhaps the toughest so far in his career.
Sunil Mittal-owned Bharti Group has formed a consortium with Changi Airport of Singapore (a 50:50 joint venture) to bid for the development and management of Delhi and Mumbai airports.
Kavin Bharti Mittal, son of Airtel's Sunil Mittal, speaks about why he came back to India from the UK, his new business venture, paying for mobile apps and the need for co-founder support.
Bharti Tele-Ventures edged up 1.32% to Rs 34.50 on BSE in early trades propelled higher by reports that the government may hike FDI limit in the telecom sector.
The JV between the two has won BWA spectrum in Delhi, Mumbai, Haryana and Kerala.
