Wal-Mart India files registration for new name

Wal-Mart will proceed with its independent operations in India under the name “Wal-Mart India Private Lt’d”, according to Kevin Gardner, spokesman for the retail giant.

“Post the announcement in October 2013 by Walmart and Bharti Enterprises about running independent ventures, Walmart initiated the process of renaming the company in India. This is a process in any demerger and we have not set up a new company,” Gardner noted in an email on Monday (Jan. 20.)

He said earlier media reports out of India had been misleading as they wrongly indicated Wal-Mart would be proceeding with a new partner in a retail venture there.