Wal-Mart Sets Up New Company in India

Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country's lucrative multibrand retail market with a new partner. Wal-Mart and Bharti Enterprises decided to part ways in October last year, bringing an end to their six-year-long partnership. The retailer has registered a new company called Wal-Mart India Private Ltd in the country, according to the data available with the Ministry of Corporate Affairs.