date:Apr 15, 2014
Bharti Group, the owner of India's largest mobile operator by revenue and subscribers, is reportedly in advanced talks to form a cash-and-carry joint venture with French retailer Carrefour, having broken off its six-year strategic partnership with the world's largest retail company Walmart Stores Inc. in October of last year.
The Indian company will retain a majority stake, two people familiar with the matter told the Economic Times.
Bharti is likely to have a significant majority that could