With Committee of Secretaries giving its nod for 51 per cent FDI in multi-brand retail, the nodal Department of Industrial Policy and Promotion is likely to prepare a Cabinet proposal
The retail subsidiary of Indian conglomerate Reliance Industries has appointed two former Wal-Mart executives to run the operations, a Mumbai-based business daily reported on Monday, ahead of an expected opening
US-based retailer Wal-Mart would rethink its joint venture with Bharti Enterprise, depending on future government policy on allowing foreign investments in multi-brand retail sector, Wal-Mart country head in India Raj
Foreign direct investment in multi-brand retail still not allowed, global giant Wal-Mart now plans to have more cash-and-carry wholesale outlets in India by year-end.
The United States-based retailer’s sourcing and
Wal-Mart Stores Inc, the world's largest retailer, sees progress in India opening up foreign direct investment in multi-brand retail, its chief executive officer said on Monday.
"Yes, I see
Wal-Mart Stores Inc, the world's biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules.
Sam's Club, a division of the US retail giant Wal-Mart, has said it will lay off around 10,000 employees at its warehouse stores in the US.
Wal-Mart Stores, the world's largest retailer, has not sought to invest in retail stores in India, the junior trade minister told parliament on Wednesday.
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William D. Green
Chairman & CEO, Accenture