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New Delhi :: India | 3 months ago

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Walmart Stores spent $334 million (Rs2,025 crore at current rates) to end its high-profile retail partnership with Bharti Enterprises, resulting in a net loss of $151 million (Rs915.6 crore) accruing to the US company's consolidated income in 2013.

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Shanghai :: China | 7 months ago

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O B harti 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. Jain, who left Walmart India in

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Bhopāl :: India | 8 months ago

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The Bentonville-based group, which runs a cash-and-carry business in India, however, didn't specify the number of employees who received pink slips. Replying to a questionnaire from Business Standard, a Walmart India spokesperson said, Given the

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Amritsar :: India | 8 months ago

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We'll come back once we have a strategy, says Rajan Mittal Bharti Enterprises will decide on its future course of expansion in the retail sector once its ongoing process of separation with partner Walmart is completed, said company Vice-Chairman and

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New Delhi :: India | 10 months ago

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Wal-Mart Stores, after its break-up with Bharti Enterprises , does not have any immediate plan to get into retailing in the country, making India the only market where the world's largest retailer will limit itself to the wholesale space...Walmart

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New Delhi :: India | 10 months ago

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Walmart on Monday said it has sought an extension from the government to defer conversion of its $100 million compulsory convertible debentures (CCD) into equity in the holding firm of Bharti Retail amid speculation that the world's largest retailer

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Mumbai :: India | 10 months ago

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Walmart invested in compulsory convertible debentures (CCDs) issued by Cedar Support Services Ltd, a subsidiary of Bharti Ventures, in 2010. The deadline for conversion of the CDDs into equities ended today. "As permitted by law, we have filed for an

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New Delhi :: India | 11 months ago

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Walmart will take a call by the month-end on whether it will continue to do business in India or exit the country altogether, a person with direct knowledge of the situation said. This person said the Walmart leadership in the US is divided over the

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Mumbai :: India | 11 months ago

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NewsApp  NewsApp (Free) Read news as it happens Available on   Rediff News   All News  U S retail giant Walmart is learnt to be in talks with Sunil Mittal-led Bharti group to explore ways to exit the six-year-old 50:50 joint venture in cash-and-carry

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New Delhi :: India | 12 months ago

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A person with direct knowledge of the matter said Madan joined Bharti Airtel's global finance team headed by group CFO Shrikanth Balachander last week. Pankaj Madan , who was suspended as CFO of Bharti Walmart as part of an internal probe into

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