Wal-Mart
top execs in India
New Delhi: A high profile team led by global retail
giant's vice president (international) Michael Duke arrived
in New Delhi on Wednesday.
Duke
is expected to meet top government officials to discuss
the firm's business plans in India and finalise the proposed
retail foray with Bharti Enterprises.
Duke
is also scheduled to meet Rajan Mittal, joint managing
director, Bharti Enterprises and his team of executives
in Mumbai tomorrow.
The
visit is aimed at finalising the fine print of retail
venture related agreements with Bharti. Once this is done,
the agreements will be put up to the respective boards
of the companies for their approval. Sources indicated
that the approvals at the Bharti end will happen in a
few days time.
Duke's
visit comes just after its Indian partner Bharti has announced
a $2.5 billion retail expansion. Wal-Mart, however, will
be partnering Bharti only at the back-end of the retail
operations for which a joint venture has been envisaged.
Back
to News Review index page
Blue
Dart appoints new MD
Mumbai: Air express, courier and logistics company
Blue Dart Express, has announced the appointment of Anil
Khanna as managing director of the company with effect
from February 21, 2007. Anil Khanna will replace Malcolm
Monteiro who has moved to DHL Express, Asia Pacific, as
senior vice president and area director for South Asia.
Anil
Khanna has 27 years of experience in various industries
and has been with Blue Dart for over 14 years. He moves
to the position of MD from his earlier position as senior
VP- Western region. As the head of the Western region,
he was responsible for developing business potential,
driving strong growths in the region, which contributes
to a third of the company's revenues, and enhancing service
quality. Anil is a graduate from St Stephen's College,
Delhi and holds an MBA degree in marketing and finance
from UBS, Chandigarh.
Back
to News Review index page
|