India’s Bharti Enterprises Pvt., which six months ago ended a tie-up with Wal-Mart Stores Inc., is in talks with France’s Carrefour SA and Japan’s Aeon Co Ltd. for two separate joint ventures, according to one person familiar with the discussions.
Reliance Retail Ltd., a unit of India’s most valuable company, expects foreign multibrand retailers such as Wal-Mart Stores Inc. may be allowed to enter the country in as soon as six months from now, Chief Executive Officer Bijou Kurien said.
The U.S. Securities and Exchange Commission began an overhaul of rules adopted after the Crash of 1987 designed to shut down the stock market during periods of volatility, proposing that curbs be triggered when the Standard & Poor’s 500 Index falls 7 percent.
Wal-Mart Stores Inc. named a former executive from Li Ka-shing’s company to head the operations in India, after the breakup of a six-year local partnership stalled its efforts to expand in the country.
Billionaire Mukesh Ambani’s push into retail and digital services may help Reliance Industries Ltd. build on its best profit growth in three years amid an economic slowdown and sliding natural gas output, investors say.