November 27, 2006

Wal-Mart & Bharati Partnership

If everything goes as per the plan, then we are going to see Wal-Mart opening its doors in India.

In the Big Indian Retail war, Sunil Mittal seems to have quipped Reliance.

Economic Times reports that the Bharti-Wal-Mart alliance in the retail sector is all set to be signed and delivered in the next few days, an announcement is expected in the next 48 hrs. As per our law, Wal-Mart cannot do direct business . we have not opened up our front end business but we allow FDI by all other means - Money,logistics, etc.,..some smart law :-(

A good article on the Mittal Vs Ambani tussle.

Already, Bharati has got a bumper opening in today's trade - 2.5% surge

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