date:May 22, 2014
o forge an alliance or sell its operations to New Delhi-based Bharti Enterprises failed amid differences over its valuations and the structure of the deal.
Bharti asked for the moon, a person aware of the negotiations told the Economic Times.
It was also spurred on after political party BJP, which eventually won the elections, said in chorus that the party would scrap foreign direct investment in the so-called multi-brand retailing.
A person close to matters was quoted by the Economic Times a