Tags: WalMart

Wal-Mart celebrates its annual meeting and announces a share repurchase program. (Photo : Reuters)The image is the frontage of a Walmart store. Wal-Mart Stores Inc has announced plans to undertake a US$15 billion share repurchase plan during its annual workers meeting last Friday.

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.