Tuesday, April 10, 2007

India's Bharti says to sign Wal-Mart deal in April

(Reuters) - Bharti Retail Ltd., wholly-owned by Bharti Enterprises, has said it will spend $2.5 billion by 2015 on setting up hypermarkets, supermarkets and other stores across India.

The proposed entry of Wal-Mart in India's fragmented $300 billion retail industry, which is dominated by small stores, has triggered political concerns and protests from trade unions and small shop owners who fear job losses.


Read more at Reuters.com Mergers News

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