date:Jan 03, 2014
ership with Bharti Retail, stalling the world's biggest retailer's efforts to expand in India.
However, Walmart recently named a new CEO for its India unit in a demonstration of its enduring interest to develop a retail strategy for the country.
India's Foreign Investment Promotion Board (FIPB) also approved a proposal by the British telecoms group, Vodafone, to take full ownership of its Indian business.