bharti-wal-mart-call-off-india-joint-venture

Bharti, Wal-Mart call off India joint venture

New Delhi, Oct 9 (ANI): World's largest retail chain Walmart Stores Inc and Sunil Mittal-led Bharti Group have called off their six-year old alliance in India and will own and operate separate businesses in the country. Wal-Mart, tied up with Bharti in 2007 and had been the most vocal proponent of prying open India's restrictive retail market to foreign supermarket operators. However, its growth in India has been hindered by still-evolving rules on foreign investment, an internal bribery probe, and, more recently, the faltering partnership with New Delhi-based Bharti. Under terms of their breakup, Wal-Mart will acquire Bharti's 50 percent stake in Bharti Wal-Mart Pvt Ltd, which runs about 20 wholesale stores in India under the Best Price Modern Wholesale brand, and will run the business independently. Oct 9, 2013
samsung-galaxy-note-3

Samsung Galaxy Note 3 vs. LG G2: Specification Comparison

With the entry of the LG phablet, the competition among MNC manufacturers in the top-end smartphone market is set to intensify. Samsung is especially said to feel the heat as the competitively priced LG G2 comes loaded with a powerful chipset, high-end camera and features like the smart gesture control which is seen in Samsung's new phablet Galaxy Note 3. Oct 7, 2013