The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.
Breaking News
Amidst the investigation against several top officials, Wal-Mart's board votes for James Cash as new Lead Director.
Wal-Mart celebrates its annual meeting and announces a share repurchase program.
Walmart and Tesco are restricted to acquire existing Indian retailers because of the new policy set by the Indian government stating foreign companies should start from scratch.
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