HPCL to get new MD from April 1
Mumbai: Arun Balakrishnan, director (HR), Hindustan Petroleum Corporation (HPCL) will take charge as chairman and managing director of the company effect from April 1, a release from the Petroleum & Natural Gas Ministry said.
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Wal-Mart CEO coming on India visit: likely to meet Nath
New Delhi: Wal-Mart CEO Michael T Duke is visiting India later this month. He is likely to meet Commerce and Industry Minister Kamal Nath and discuss the country's FDI policy in retail.

Questions in the recent past were raised about India's FDI in retail policy by Congress Party President Sonia Gandhi who sought clarifications on the Wal-Mart's proposed entry into India. The US-based world's largest retailer has signed an MoU with the Bharti Group under which the Indian partner would open the front-end stores as the Wal-Mart franchisee.

"We are looking at FDI not only in retail but across various sectors without displacing or replacing the present activity. It has to be incremental. We are also looking at different models and modules," Nath told reporters after addressing a FICCI meeting jointly with US Commerce Secretary Carlos M Gutierrez.
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