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%.
Tags: WalMart
Bharti Retail-Walmart partnership stalls
The recent remarks made by officials of both Bharti and Walmart indicate issues between the two. Walmart Stores Asia head Scott Price, contrary to previous reports, said a conversion of the current franchisee agreement with Bharti Retail into a joint venture is 'not tenable'.
Govt. official says Walmart India plans possibly at final stage
According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Walmart extends healthcare package to partners of LGBT employees
In a surprising but laudable move, multinational retail company Walmart released changes on its 2014 healthcare package, including a provision for LGBT employees to elect domestic spouses in health insurance.
PayPal expands to be a one-stop shop for customers' financial service needs
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
Latest 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. (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.
