Amazon's plan announced in June to buy premium grocer Whole Foods roiled the grocery industry and sparked worries the deal could raise prices.
Wal-Mart Stores Inc (Walmart) is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market.
A retailer-backed rival to Apple Inc's Apple Pay mobile wallet will be tested with customers in a handful of stores in the next few weeks, ratcheting up competition in an increasingly cluttered market.
The government-appointed panel, looking into possible irregularities in Wal-Mart's US lobbying activities for entering the Indian market, is expected to meet senior executives of the retail giant this week to gather more information.
Accusing Congress of "manufacturing majority" in Parliament on FDI in retail issue, CPI(M) today asked whether this was funded by American retail giant Wal-Mart.
Bharti Enterprises is in talks with its US partner WalMart for rolling out front-end stores after the relaxation of FDI norms in retail.
Six months after the government backtracked on plans to allow foreign retail giants to form JVs, cash-starved domestic chains are selling assets, shutting stores, and scaling back expansion plans.
The BJP today distanced itself from the fiery comments of its leader Uma Bharti that she would burn down Wal-Mart multi-brand stores if they are opened in India
Industry doyens have termed it a "win-win" for the sector and hailed it as a policy that will help the sector grow, bringing much needed capital in the area. But, guess who else is smiling?
Foreign direct investments are more stable and permanent compared with investments in capital markets, which can be pulled out in a matter of days.
After hobbling on a proposal paper released in July last year by the Department of Industrial Policy and Promotion on permitting FDI in multi-brand retailing in India, the discussion seems to finally be gaining some traction.
The government is considering opening fully the single-brand retail sector to foreign direct investors. The industry has been waiting long for the move.
The rupee recently appreciated to a three-year high against the dollar; this recent level should not be seen as a one-off movement.