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| Bharti Walmart's accumulated losses have eroded its net worth as on December 31, 2011, even as the wholesale firm more than doubled its sales last year by adding around a dozen new stores. "The accumulated losses of Bharti Walmart as at December 31, 2011 amounting to Rs 765 crore has resulted in erosion of net worth as on that date," the joint venture between world's largest retailer Walmart and India's largest mobile operator Bharti Enterprises said in its latest filing to the Registrar of Companies (ROC). |
Rakesh Biyani on mission to keep group's 'future' bright (May 12)
May 12, moneycontrol.com