business news in context, analysis with attitude

Reuters reports this morning that Walmart's joint venture with Bharti Enterprises in India expects to open between three and five new stores by the end of the year. The business currently operates 17 cash-and-carry wholesale stores there.

Bloomberg had a story recently saying that Scott Price,, who runs Walmart's Asian operations, says he is "optimistic" that the Indian government will eventually allow foreign companies to make direct investments in retailers there, despite the fact that politicians there were forced to reverse a previous move in that direction because of public opposition. At present, foreign companies are only allowed in wholesale stores and joint ventures.
KC's View: