The world's largest retailer entered India in 2007.
Eighteen months hence, Reliance Retail is a 600-store chain, while Wal-Mart, which had planned to start operations by the year-end, has deferred the launch to 2009.
Surveying Wal-Mart shoppers during the first weekend in December, America's Research Group found that 32% planned to buy electronic goods at the store this year, compared to 20% that did so in 2006.
Wal-Mart has a joint venture with Bharti Enterprises for a cash-and-carry(wholesale) venture in India. There are no regulatory restrictions on using the Wal-Mart brand in this business, but the company cannot have its brand name on front-end (retail level) stores that sell direct to consumers.
N R Narayana Murthy, chief mentor of Infosys Technologies, 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.
Bharti Wal-Mart, a joint venture between Bharti Enterprises and US-based retail giant Wal-Mart stores, on Friday said it will commence its wholesale cash and carry operations by early next year from the northern region.
US-based global retailer Wal-Mart's outlet in the Chinese city of Shenyang is now home to a branch of the Communist Party of China and its youth wing.\n
Michigan State Police reported that one suspect had been taken into custody shortly after 6 pm (local time).
WakeupWalmart.com, an anti-Wal-Mart website which belongs to the United Food and Commercial Workers Union, came out with a report two days ago titled, 'Wal-Mart's vaunted $4 prescriptions supplied by disgraced Indian manufacturer.' UFCW claims to have a membership of over 1.3 million workers in the US and Canada. WakeupWalmart.com mainly campaigns for the rights of Wal-Mart employees and consumer interests.
Ranbaxy, Cipla and other Indian drug makers are helping US retailer Wal-Mart sell drugs at low cost and boost revenue.
World's biggest retailer Wal-Mart, whose India entry has been mired in controversy, on Wednesday said it does not see any "political opposition" as the company has been educating customers, bureaucracy and political parties.
Joint venture will enable it to get foot in the door of rapidly growing market.
Social activists, small traders and farmers organised protests in various cities across India, seeking restriction on foreign players' participation in the retail sector.
World's largest retailer Wal-Mart has awarded nine Indian companies for outstanding supplier accomplishments under the Wal-Mart International Supplier of the Year Award for 2006.
The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country, according to the data available with the Ministry of Corporate Affairs.
A queasy feeling hits the stomach when you think of the millions of bazaar merchants it'll displace.
Bharti Enterprises, which has tied-up with Wal-Mart, on Friday said discussions are on over business arrangement with the US firm for their retail venture.
Telecom major Bharti and world's biggest retailer Wal-Mart Stores Inc on Monday signed an agreement to form a joint venture for their wholesale cash and carry business.
Reports of Walmart engaging lobbying firms to get entry into India and demand for quota in promotion in government jobs rocked Parliament leading to washout of Question Hour in both Houses.
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.
At a time when companies are cutting costs and jobs to tackle the economic downturn, global retail chain major Wal-Mart has doled out $933.6 million in bonuses to its workers.
Bharti and Wal-Mart JV will be critical for the US giant to study the Indian scenario.
Wal-Mart chief S Robson Walton met Prime Minister Manmohan Singh and Sharma last week and discussed the foreign direct investment scenario in the retail sector in India.
Companies big and small feel the profit pinch when dealing with the retail behemoth.
Global retail giant Wal-Mart is in talks with several domestic textile firms for its Indian operation, which is expected to begin next year
The annual shareholders' meet resembled a rock concert in an indoor stadium with associates cheering like crazy fans.
The US retail giant operates 20 wholesale stores under the brand 'Best Price' in India.
The much-awaited Wal-Mart-Bharti tie up will take some more time to be finalised as the world's largest retailer said it was not making any business announcement during the India visit of its vice chairman Mike Duke
The country's leading retail chains have raised apprehensions that the collaboration between Bharti Enterprises and Wal-Mart could provide backdoor entry to the world's largest retailer.
Wal-Mart's "suspected bribery" unearthed in India involves thousands of small payments to low-level local officials.
Wal-Mart CEO Michael T Duke, who would be visiting India later this month, is likely to meet Commerce and Industry Minister Kamal Nath and and discuss the country's FDI policy in retail.
An investigation by the government into whether Wal-Mart Stores Inc violated local investment rules in 2010 has been referred to the Reserve Bank of India (RBI), officials familiar with the matter said.
Wal-Mart's experience and sourcing skills will help Bharti roll out stores fast and sell at competitive prices.
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