Walmart India has started a series of workshops for its supplier partners to help them evaluate their Goods and Services Tax compliance levels and prepare for the transition to the new tax structure to be rolled out from July 1. Tax rates have been finalized for 1,211 items with a...
Wal-Mart India Grew 7 Percent on Annualized Basis
Walmart, the world's largest retailer, posted a 7% rise in revenue in India. With 21 outlets, the company now sells goods only to traders, institutions, and small- to medium-sized grocery stores. Krish Iyer, CEO of Wal-Mart India said, "We are excited with this continuous progress and our contribution to the...
In India, Wal-Mart Goes Wholesale
Two years after scrapping plans to open retail outlets across the world's second-biggest consumer market, Wal-Mart plans on becoming a major wholesaler in India. Last year it appointed Krish Iyer, as its new chief executive in India as it shifted its focus to the country's $300-billion wholesale industry. Since there...