Wal-Mart chairman warns of lethargic economic recovery, eyes growth in China and IndiaSeptember 30th, 2009 Wal-Mart warns of lethargic economic recoveryKUALA LUMPUR, Malaysia — The chairman of Wal-Mart Stores Inc. warned Wednesday the global economic recovery will likely be lethargic, even as the retailing behemoth sees great growth potential in China and India.
2 China Wal-Mart employees arrested after suspected shoplifter beaten to deathSeptember 8th, 2009 2 China Wal-Mart workers arrested after deathBEIJING — Two employees of a Wal-Mart store in eastern China were arrested after a woman was beaten outside the store on suspicion of being a shoplifter and died, a state-owned newspaper reported Tuesday. The China Daily said Yu Xiaochun died 500 yards (meters) from the store in Jingdezhen, Jiangxi province.
Wal-Mart nears vote on proposed Va. store near Civil War battlefield that has riled historiansAugust 24th, 2009 Decision nears on Wal-Mart near Va. battlefieldORANGE, Va.
Bharti Airtel first quarter net up 22 percentJuly 23rd, 2009 NEW DELHI - Telecom major Bharti Airtel has posted a net profit of Rs.2,647.95 crore (Rs.26.48 billion/$547 million) in the first quarter of 2009-10, a 22.2 percent year-on-year increase. The company's total income during the period under review rose 22 percent to Rs.10,448.69 crore from Rs.8,567.8 crore in the corresponding period a year ago, the company said in a regulatory statement.
Bharti Wal-Mart opens its first cash and carry store in AmritsarJune 9th, 2009 AMRITSAR - With the Government allowing Foreign Direct Investment (FDI) in wholesale retailing, Bharti Wal-Mart private limited, the joint venture between Bharti enterprises and Wal-Mart has opened its first cash-and-carry store-in Amritsar. The first sales outlet of Wal-Mart has been opened in India as part of an ambitious plan to establish a foothold in the country's vast consumer market.
Bharti, Wal-Mart open their first joint store in India (Lead)May 30th, 2009 AMRITSAR - India's Bharti group and Wal-Mart, the world's largest retailer, opened their first cash-and-carry joint venture store here Saturday on an investment of $7 million, and they plan to open at least 15 outlets across the country in the next three years. The stores will be run under the brand name of Best Price Modern Wholesale.
Wal-Mart launches store in AmritsarMay 30th, 2009 AMRITSAR - Wal-Mart Stores Incorporation opened its first cash-and-carry store in Amritsar on Saturday. Bharti Wal-Mart, the joint venture between the American retailer and India's Bharti Enterprises, was scheduled to launch the store on Tuesday.
We intend to close MTN deal this time: BhartiMay 30th, 2009 AMRITSAR - The Bharti group Saturday expressed confidence that it will seal the proposed $23-billion deal with South African telecom giant MTN, after restarting negotiations that had collapsed last year. The two groups are discussing options under which Bharti will acquire 49-percent stake in MTN and the South African company, along with its shareholders, will buy 36-percent equity in the Indian company, the two firms had announced May 25.
Bharti, Wal-Mart defer launch of first wholesale storeMay 25th, 2009 NEW DELHI - India's Bharti group and Wal-Mart, the world's largest retailer, have postponed the launch of their first cash-and-carry or wholesale store in Amritsar following the violence in Punjab over the death of a Sikh leader in Vienna. The launch was scheduled for Tuesday, but was deferred after a Sikh religious leader died in the Austrian capital Monday following an armed attack at a gurdwara the previous day.
Wal-Mart set to open its first Indian wholesale outletMay 21st, 2009 NEW DELHI - Wal-Mart, the world's largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, company officials said. The US-based giant has also decided to call its cash-and-carry venture BestPrice Modern Wholesale to offer retailers bargains that would eventually benefit end consumers, the officials added.
Bharti group eyes farm produce retail with $2.5 bn investmentMay 18th, 2009 NEW DELHI - Agriculture and retailing of farm-based products will be the next focus areas for the diversified Bharti group with a war chest of $2.5 billion. The group reached a major milestone last week with a telecom subscriber base of 100 million.
Wal-Mart Stores same-store sales rise 5 percent in April, ahead of expectationsMay 8th, 2009 Wal-Mart Stores says April same-store sales riseBENTONVILLE, Ark. — Wal-Mart Stores Inc., the world's largest retailer, said Thursday that sales of Easter merchandise and higher traffic helped April same-store sales rise 5 percent, ahead of expectations.
India's Bharti Airtel says quarterly profit up 21 percent on subscriber growthApril 29th, 2009 Bharti Airtel says quarterly profit up 21 pctMUMBAI, India — Bharti Airtel Ltd., India's largest mobile telephone company, said Wednesday that record subscriber growth fueled a 21 percent rise in quarterly profit. Net profit for the January-March quarter rose 21 percent from the same period last year to 22.39 billion rupees ($459 million).
Bharti Airtel posts 30 percent increase in Q3 profitJanuary 21st, 2009 NEW DELHI - Bharti Airtel Ltd. Thursday reported a 30 percent increase in its cash profits to Rs.37.55 billion ($767 million) in the third quarter ended Dec 31.
Bharti-Del Monte becomes largest fresh baby corn exporterJanuary 11th, 2009 LUDHIANA - A joint venture between telecom major Bharti and Del Monte India Monday said it had emerged as the largest fresh baby corn exporter in the country. To mark the occasion, a consignment of fresh baby corns was flagged off at Ladhowal village near here Monday by Punjab's Chief Secretary Ramesh Inder Singh and Bharti Enterprises vice chairman and managing director Rakesh Bharti Mittal.
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