date:Apr 01, 2013
siness is operated as cash and carry. Retail units in India are franchised and are owned and operated by Bharti Retail, the report says.
The mention of Bharti Retail in the American chains annual report is striking as Walmart and its cash-and-carry partner Bharti have always distanced themselves when it came to the retail business. The two have been under the scanner of the Enforcement Directorate (ED) over alleged violation of the Fema (Foreign Exchange Management Act) rules.
UP until Septemb