Thursday, February 22, 2007

Is the Wal-Mart, Bharti JV delayed?

Some distrurbing news I read last night that the joint venture deal between Wal-Mart and Bharti Enterprises might get delayed. Michael T Duke, CEO of Wal-Mart will be arriving in India tomorrow on February 23, and will be in the country for less than 24 hours. He already has several meetings lined up with Kamal Nath, the commerce and industry minister and officials from the Planning Commission. Industry speculation is that there are still lots of details to be worked on as yet and the actual finalization of the agreement might be delayed

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