Wal-Mart, Foreign Retailers May Own 51% of India Ventures

Nov. 25 (Bloomberg) -- India approved allowing overseas companies to own as much as 51 percent of retailers selling more than one brand, paving the way for global companies such as Wal- Mart Stores Inc. and Tesco Plc to own stores. Overseas companies must invest at least $100 million, half of which ...

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