In a joint statement, Bharti Retail and Walmart dissolve their Best Price partnership in India. After weeks of speculation, Bharti Enterprises and Wal-Mart Stores Inc had announced that they are going on their separate ways for operations in the retail sector.
India
Airport modernization imperative in India
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
UK withdraws certification to Wockhardt
Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.
The saga of the Jet Airways and Etihad Airlines deal
Jet Airways and Etihad Airlines literally went through the proverbial eye of the needle, through the eye of the storm and weathered a broken camel's back to finalize its deal.
India's shrinking market and declining rupee affecting FMCG market
For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.
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Medtronic Inc and Apollo Hospitals Enterprise formed a joint venture for the development of a low-cost and portable hemodialysis treatment for developing countries.
Flipkart, the largest e-commerce marketplace in India, had raised USD360 million total in investments from its recent funding round.
Tata Power buys a wind farm while DLF Ltd divests one in differing transactions in Indian wind power generation business.
Upon the recommendation of the Telecom Regulatory Authority of India, new guidelines for spectrum sharing would be imposed by the Telecom Commission.
Xylem appointed H Balasubramaniam as the company's managing director for its India operations. Xylem Inc was born as a spin off from ITT Corp. Xylem is a water technology company and it announced the appointment of General Electric executive H.
The plan to bid for 900 Mhz band for telecommunications would be done and a business case is to be presented by Deloitte.
