Walmart continues US lobbying on ‘FDI in India’

Walmart continued to lobby with the American lawmakers over Indian retail FDI rules during the first quarter of 2013, even as a probe is underway into the global retail giant’s US lobbying activities for facilitating its India entry. In its latest lobbying disclosure report filed with the US Senate and the House of Representatives for […]

Walmart still keeping its fingers crossed on India

New Delhi: Walmart Stores, the world’s largest retailer, is “optimistic” India will allow foreign direct investment in the country’s retail industry. “I’m optimistic that FDI in retail and across multitudes of industries will occur,” Scott Price, head of the retailer’s Asia operations, said in an interview in Vladivostok, Russia, while attending the Asia-Pacific Economic Cooperation […]

Of 28, only 4 states says yes to multi-brand retail FDI

New Delhi:Only four states and UTs have so far indicated their support for allowing FDI in multi-brand retail, a development which will further delay entry of global chains like Walmart and Carrefour in India. “Till date, written communications, indicating support for foreign direct investment (FDI) in multi-brand retail trade, have been received from the governments […]

Walmart India sets up special team for anti-corruption compliance

NEW DELHI: Walmart, the world’s largest retailer, has appointed a team in India to brief employees on its anti-corruption compliance programme. The move comes within days of US authorities launching a probe into allegations of bribery at the retailer’s Mexican arm. Walmart has appointed audit firm KPMG to conduct the awareness programme, said a senior […]

Probe over bribery allegations rattles Wal-Mart

In a development that might hurt global retail giant Wal-Mart’s expansion plans across the globe, including in India, the company is caught amidst a controversy that it resorted to bribery to grow and expand its Mexican subsidiary, Wal-Mart de Mexico which is also its biggest unit, reports said. Shares fell and the company lost $10bn […]

Wal-Mart online retail unit to expand India team

  Wal-Mart Stores Inc. said Tuesday its global e-commerce division is doubling its India hiring target to 200 employees to revamp its software platform, as the U.S. retail behemoth faces increased competition from online rivals. The move comes at a time when Wal-Mart is pursuing e-commerce opportunities around the world, both in developed markets where it […]

Walmart looks to source more farm items from India

New Delhi:The world’s largest retailer Walmart is looking to source more farm produce from India for international operations through its Indian joint venture apart from expanding product basket. The company’s 50:50 joint venture with Bharti Enterprises — Bharti Walmart Pvt Ltd is looking to engage 25,000 farmers in India by 2015 up from the present […]

Walmart set to make its debut in Hyderabad

Walmart set to make its debut in Hyderabad Times of India Retailing giant Walmart, which has a presence in India through a joint venture with Bharti group – Bharti Walmart Pvt Ltd, is all set to make its debut in Hyderabad with a Best Price wholesale outlet at Shivrampally near the international airport. Nearly two […]