Bharti Enterprises has started talks with Wal-Mart and is hoping to form a 50:50 joint venture to roll out retail outlets in India, a top company official has said.

The two companies have an eq

Walmart Stores Inc has said it is capable of opening stores within 12 to 18 months in India, a media report says.

"The company is capable of opening stores within 12 to 18 months and would be see

Centre's decision to introduce Foreign Direct Investment (FDI) in retail sector got another shot in the arm on Sunday, as the advisor to Prime Minister on Public Information, Infrastructure and Innova

A cash and carry joint venture between Wal-Mart Stores and Bharti Enterprises plans to add three-five stores by end of the year, a spokeswoman for the world's largest retailer said on Tuesday.

U.S. g

India has received six proposals from global single-brand retailers seeking permission to own 51 per cent of their operations in the country, the commerce ministry said on Monday.

Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers here to garner support for their Indian business expansion plans.

The government is committed to opening its retail sector to foreign investment and will not reverse its stance, Trade Minister Anand Sharma said on Thursday, declining to say when the long-delayed ref

The biggest shopping mall in Mumbai, one of the world's most crowded cities, can feel like a pretty lonely place.

Eight months ago, multi-storied Phoenix Market City opened for business in the easter

Shares of retailers fell sharply on Monday after a key ally of the ruling Congress party voiced fresh opposition to government efforts to open India's $450 billion retail sector to foreign supermarkets like Wal-Mart stores.

The government appears set to relax heavily criticised sourcing rules for retailers, anxious not to scare off IKEA — one of the few big name firms that has said it will invest in the country — or any others willing to follow.