Bharti Retail on Friday announced appointments of former head of Walmart India Raj Jain as its CEO and Pankaj Madan, another senior executive of erstwhile joint venture Bharti Walmart, as Chief Financial Officer.
Despite the downturn, the 42 females in the Forbes 400 had a combined net worth of $181 billion.
Make no mistake, Reliance's entry into Indian e-commerce cannot be taken lightly. It is akin to a combine of AT&T and Wal-Mart challenging Amazon on its home turf, says Shailesh Dobhal.
The acquisition of Walmart India adds a strong talent pool with deep expertise in the wholesale business that will strengthen Flipkart's position to address the needs of kiranas and MSMEs uniquely.
The world's largest retail company, Wal-Mart was founded by Sam Walton in 1962.
Wal-Mart's entry into India through an agreement with the Bharti group is a first-of-its-kind for the US retailing giant. The Arkansas-based retailer has always preferred to enter a new market on its own.
China's first regulation on the protection of the Great Wall came into effect last Friday.
Online play is a priority now -- so far unthinkable in a business that's all about a meaningful interface with kirana stores.
Arsenal right back Hector Bellerin will be in Spain's Euro 2016 squad, the country's football federation said on Tuesday. The 21-year-old Bellerin and the other 18 players named to face South Korea in a friendly in Wals-Siezenheim, Austria on Wednesday, have been guaranteed spots in the European Championship squad. Bellerin was included after Real Madrid right back Dani Carvajal sustained a leg muscle injury in Saturday's Champions League final victory over Atletico Madrid. The Real Madrid and Atletico players in the squad will be named later on Tuesday when Spain coach Vicente del Bosque announces his final list.
Global retail giant Walmart has got fair trade regulator CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian joint venture for wholesale stores business.
In the main list, Wal-Mart (revenue of $378.8 billion) is followed by energy giant ExxonMobil (372.8 billion dollars), which had topped the retail major from its top slot in 2006.Others in top 10 include Chevron, GM, ConocoPhillips, GE, Ford, Citigroup, Bank of America and AT&T.
Bharti Retail, a subsidiary of the Delhi-based Mittal group, has tied up with Wal-Mart
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.
Here's a review of ten business innovations, digital media products, and trends from 2006.
Having made public its tie-up for a retail venture, the Bharti-Wal-Mart combine is roping in leading realty majors like DLF, Emaar MGF, and Ansals for handling the massive real estate requirements of the project.
Reliance, Bharti's response to Ahmedabad's space crunch.
Chairman of GHCL Sanjay Dalmia says that Dan River, the company they recently took over, is expected to see revenues of around $220 million in 2006.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
The fire at the Bangladesh garment factory once again brings to light the substandard and unsafe methods resorted by factories working for multinationals.
The government eased investment rules for the retail sector on Thursday in a renewed attempt to attract foreign supermarket operators such as Wal-Mart Stores Inc and Tesco.
The high-profile departures have their roots in red tape and business-unfriendly policies.
The actress turned 50 on August 13.
The year started on a sombre note for the sector, with the lingering effect of the decision to put on hold relaxation of FDI in retail in 2011.
Shahid Kapur, Arjun Kapoor and Karisma upped the glam quotient as showstoppers at the Lakme Fashion Week.
As Wal-Mart's disclosures on lobbying generated political heat in India, records with American House of Representatives show that around 27 Indian companies have spent money on lobbying in the US.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
Here's clearing this credit card misconception floating around in India
As multilateral negotiations have paused, multi-national corporates have increasingly become aggressive; and our bureaucrats restless.
The demand for a Joint Parliamentary Committee probe into disclosures by retail giant Walmart on lobbying in India was made by several members in the Lok Sabha on Tuesday.
Aveek Sen on how the Lashkar e Tayiba looks at the world while focusing on India and Afghanistan.
Let's take a look at biggest car recalls in the world.
The Spanish government has been accused of curbing proof linking footballers and tennis stars to a disreputable doctor who will go on trial in Madrid next week and has been described as a 'one-man Wal-Mart' of doping, according to a report in an English daily.
Seeking to put pressure on the government on the Walmart lobbying issue, the Bharatiya Janata Party on Tuesday said it was determined to raise the matter in both Houses of Parliament and seek suspension of Question Hour.
Pakistan's Mushtaq Ahmed has been approached by Delhi Daredevils to become their bowling consultant for IPL 6 and the former Test leg-spinner is likely to accept the offer.
The Obama Administration is encouraged by recent steps taken by the governments of India and Pakistan to initiate closer trade and commercial ties.
A fresh bout of target killings hit Pakistan's biggest city again, leaving 13 people including four brothers, dead over the last 24 hours.
Outlawed Jamaat-ud-Dawah chief Hafiz Mohammad Saeed and Ahl-e-Sunnat Wal Jamaat leader Ahmed Ludhianvi played a cat-and-mouse game for almost six hours with the police and paramilitary forces who were trying to prevent them from entering the Pakistani capital.
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