Bharti Walmart news and archive

Walmart to cut workforce in India

Due to the break up of JV Bharti Enterprises and Walmart, the latter has decided to lay off 100 to 150 mid-level to senior employees in India. The next couple of days will see several employees being laid off. Walmart India has around 1,100 employees and will have to cut its workforce due to its expansion plans being on hold. Anticipating major...

Apparel

E-commerce, cash-and-carry chains to be hit by new norms

Indian e-commerce companies and cash-and-carry or wholesale chains such as Bharti Walmart may have to restructure their operations after the industry department issued a new definition of “group companies”. If a company is able to exercise direct or indirect voting right of at least 26 percent or appoint at least half the board in another...

Apparel

Furore over FDI makes retailers cautious

Facing opposition, the government has deferred its decision to allow Foreign Direct Investment in multi brand retail. This backtracking has come about because MPs are not fully supporting the decision and because of forthcoming elections in UP and Punjab, where the FDI policy measure could have adverse consequences. Most the political parties...