Bharti, Wal-Mart Open First Joint Store in India

The world’s biggest retailer realized a long-time goal with the inauguration of its first store in India on May 30. The 50,000 sq. ft. outlet in the state of Punjab is one of at least 15 cash-and-carry stores Wal-mart plans to open in India the next three years under a joint venture with India’s Bharti group.