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 […]

Carrefour ends year with just one new store in India

The euro 81-billion Carrefour  retail chain, the largest in France and second-largest in the world after Walmart, is set to close the year with just one cash-and-carry store opening in India. The group had plans to roll out at least two cash-and-carry or wholesale outlets in the country during the last quarter of this year, […]

Walmart plans 3-5 more India wholesale stores

A cash and carry joint venture between Wal-Mart Stores (WMT.N) and Bharti Enterprises plans to add three-five stores by end of the year, a spokeswoman for the world’s largest retailer said on Tuesday. U.S. group Walmart operates 17 cash and carry, or wholesale stores, in India in partnership with Bharti Enterprises, which owns India’s top […]