Ari Altstedter
Stories by Ari Altstedter
US retail giant Walmart lays off India execs, plans restructuring
The world’s largest retailer is looking to halt new-store expansion in India and will continue to cut staff.
Amazon, Walmart face the ire of local businesses in India again
India’s shopkeepers are mobilizing against the e-commerce giants, alleging they are engaged in predatory pricing in violation of new rules meant to
India: New Fortis CEO plans to cut costs to revive hospital
The goal is to reduce expenses by $31 million over the next two years.
Amazon nears deal for buying up to 10% stake in Kishore Biyani’s Future Retail
The proposed investment will enable Amazon to tap into India’s rising demand for household products and home-delivered fresh produce and vegetables.
India’s Apollo Hospitals mulls asset sale, roping in investor to pare debt
The aim is to reduce the Apollo shares pledged by the family as collateral to lenders to 20% of their total holding in the company from about 78% now.
India: Tata unit to build Zara-like extreme fast fashion empire but at cheaper price
For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India.
China’s ambitious healthcare reforms lure India’s biggest drug maker
China has rolled out an ambitious multi-city bulk drug procurement program that’s driving down prices and providing an opening for Indian manufactur
Reliance Retail faces data sharing snag as it preps to take on Amazon in India
While its brick-and-mortar retail businesses are housed in Reliance Retail, the telecom operations are in a separate legal entity Reliance Jio Infocom
India: Carlyle-backed diagnostic chain Metropolis considers $230m IPO
Listing of Metropolis’s shares will provide a “stock currency” that can be used to fund acquisitions, managing director Shah said.
IHH tops TPG-backed consortium offer with $1.3b bid to buy India’s Fortis
Manipal's revised plan offered Fortis shareholders 155 rupees per share, up from 140 rupees earlier.
