American retail company Walmart will not have a new cash-and-carry or wholesale store in India till the last quarter of 2015. Its 20th store in the country was opened in end-2012, after which the company froze expansion plans due to internal investigations into possible violations of the Foreign Corrupt Practices Act and subsequently a break-up with Indian partner Bharti Enterprises. The investigations are yet to conclude, Krish Iyer, Walmart India president and chief executive, told Business ... Rediff.com, 1 month ago
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