Wal-Mart Stores is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with Amazon.com.
Indian authorities are investigating claims that Wal-Mart Stores violated foreign exchange rules when it invested $100 million in a domestic unit owned by its wholesale joint-venture partner, a law enforcement official said.
India's government has put on hold its decision to open the country's $450 billion supermarket sector to foreign firms such as Wal-Mart Stores.
The decision came after a meeting of ruling coalition and opposition political parties in New D
India's government appeared to be backtracking on a move to allow foreign supermarket giants such as Wal-Mart and Carrefour enter Asia's third-largest economy, as political opposition grew over one of the most far-reaching economic reforms in
India's top economic adviser has called on the government to open up the vast retail sector to foreign investors to cut supply bottlenecks and ease stubbornly high inflation.
Large retailers such as US-based Wal-Mart and France's Carrefour
Wal-Mart Stores posted a higher quarterly profit, helped by cost cuts and growth in international markets as sales at US stores open at least a year fell.
The world's largest retailer said on Tuesday profit was $3.60 billion, or 97 cen
Wal-Mart Stores said on Friday it will start selling certain models of Apple Inc's iPhone on Sunday, but the popular cell phones will not priced as low as some anticipated.
Wal-Mart plans to sell the black 8-gigabyte iPhone 3G model, w
Trade flows are likely to slow this year as consumers worried about the financial crisis cut back spending and a cyclical downturn bites into exports and imports, economists said.
But the crisis itself has so far had only a moderate impact
The driving force behind the "pile 'em high, sell 'em cheap" philosophy of the world's largest retailer is to share his insights on turning a modest business into a global giant with Middle East business leaders.
Former senior vice-chairma
Indian farmers and traders, opposed to the entry of private retail giants such as Wal-Mart, are building a chain of superstores as part of efforts to sell their produce directly and stop prices being set by a few big players.
The effort is