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Wal-Mart’s path into India may be getting easier
New Delhi, India -- A Monday report by Bloomberg said that an Indian governmental panel recommended easing market-entry restrictions, making Wal-Mart Stores’ and Carrefour SA’s path into the India retail market potentially much easier.
Citing a finance ministry official as its source, Bloomberg reported that a panel of New Delhi bureaucrats recommended on Friday that overseas companies be allowed to own up to 51% of stores that sell more than one brand if they invest a minimum of $100 million.
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Tesco stores to test free WiFi
London -- Britain’s largest retailer Tesco said Sunday it plans to pilot free WiFi Internet service in its stores, allowing customers to compare prices and read product reviews as they shop.
According to a Sunday report by the Financial Times, the supermarket retailer is currently testing the service in four stores, with plans to quickly roll it out after evaluating the pilot.
Tesco is thought to be the first big U.K. retailer to test free WiFi.