New norm to hit e-commerce firms, cash-and-carry chains in India

New Delhi: Indian e-commerce companies and so-called cash-and-carry or wholesale chains such as Bharti Walmart Pvt. Ltd may have to restructure their operations after the industry department on Monday issued a new definition of “group companies”. If a company is able to exercise direct or indirect voting right of at least 26% or appoint at […]

Walmart faces yet another roadblock

At a time when global multi-brand retail chains were looking for easing of hurdles, the government seems to have impacted the entire retail universe by tightening the rules for wholesale traders. The Department of Industrial Policy and Promotion (DIPP), in a press note issued today, defined group firms as “two or more enterprises that directly […]

Walmart shrugs aside retail links to Bharti

Walmart, the world’s largest retail chain, has referred to the Bharti Retail outlets as “franchised” in its annual report for the financial year ended January 31, 2013, filed with the US markets regulator, the Securities and Exchange Commission. While elaborating on its international business, including the cash-and-carry or wholesale stores in a joint venture (JV) […]

Voylla.com celebrates Republic Day

Voylla.com, the online store for premium designer jewellery and accessories is bringing in the Republic Day with a flat 26% discount. This discount can be availed on pure silver, semi–precious and designer jewellery.   The Republic Day Sale will start at 3:30 pm today and will last for 1950 minutes until 11:59 pm on January […]

Bharti Walmart sells bulk of wares to Easy Day retail

Bharti Walmart, the wholesale joint venture company, earned more than half its revenues in 2011 by selling merchandise to Bharti Retail, turning the spotlight on a rule that restricts cash-and-carry ventures from selling more than a fourth of their wares to ‘group companies’, but fails to define these affiliate firms. In 2011, Bharti Retail, the […]

Bharti Walmart probe: ED issues notices to four firms

Intensifying its probe into the alleged FEMA violation by Bharti Walmart, the Enforcement Directorate (ED) has issued notices to four companies that received Rs 456 crore under automatic route as FDI.   The agency also sought the details of these companies namely Bharti-Walmart Pvt Ltd, Cedar Support Services Limited, Bharti Retail Limited and Bharti Retail […]

Bharti Walmart denies spending money in India for market access

Bharti Walmart today denied allegations that it spent money in India to gain market access here.   “These allegations are entirely false. In accordance with US law, US companies are required to disclose the issues and expenditures associated with lobbying on a quarterly basis,” a Bharti Walmart spokesperson said in a statement. The expenditures are […]

Open Mind simplifies HR Helpdesk of Bharti Walmart through Amey

Open Mind, as any growing startup in business outsourcing providers, seek to cater to a huge number of clients by delivering the best call centre services. In this business backdrop, technology is one of the key factors to consider when ramping up. Open Mind therefore, looked forward for a solution that could fulfill it’s business requirements. These needs have […]

Walmart’s ride to India gets bumpier

Bharti Walmart, the 50:50 ‘cash-and-carry’ venture between Walmart, the world’s largest retailer, and Bharti Enterprises , has asked five of its executives not to come to work for some days.  The reason: Experts are probing allegations of corruption in the company. Bharti Walmart hasn’t disclosed what it is, nor has it named the executives who have […]

ED probing Bharti Walmart, Flipkart cases: Govt

The Government on Monday said it has referred Bharti Walmart and Flipkart Online Service’s alleged violation of FDI regulations to the Enforcement Directorate. “Violation of FDI regulation is covered by the penal provisions of the Foreign Exchange Management Act (FEMA). The RBI has informed the matter related to Bharti Walmart/Cedar Support Services and FlipKart Online […]