INDUSTRIAL UPDATE NOV 5,2015
INDUSTRIAL UPDATES
WASHINGTON: America’s multinational retail corporation Wal-Mart is suspected to have paid bribes worth millions of dollars in India, according to a media report.
In a major report, The Wall Street Journal said Wal-Mart’s “suspected bribery” unearthed in India involves thousands of small payments to low-level local officials to help move goods through customs or obtain real-estate permits.
NEW DELHI: After competing for top slots in reforming the business environment, states are now sharing their best practices and ideas in order to lift India’s ranking on the global ease-of-doing business index. The states voiced their opinions and suggestions on taking forward reforms at a meeting chaired by Cabinet Secretary PK Sinha on Friday.
BENGALURU: India’s largest online retailers have raked in thousands of crores in business in the last week alone, marking the beginning of a festive season during which they intend to poach large number of offline buyers as well as joust to grow their own market share.
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