-The Times of India Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies. The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes...

-PTI World's largest retailer Wal-Mart today said it is investigating allegations of corrupt practices against it in foreign markets, including India. In March 2011, the US-based company had started a worldwide review of its policies, practices and internal controls for Foreign Corrupt Practices Act (FCPA) compliance. "We have inquiries or investigations regarding allegations of potential FCPA violations in a number of foreign markets where we operate regarding FCPA allegations, including but not...

-The Telegraph India’s education system is marked by poor quality and produces “functional illiterates”, the chief of a UN body told The Telegraph here today. “India has made a lot of progress in achieving education for all, but what kind of education is being imparted and whether there are adequate teachers are issues of concern. The result is functional illiteracy,” Unesco director-general Irina Bokova said on the sidelines of a conference by...

-The New York Times Blog The strength and direction of the Indian economy may be up for debate, but one remarkable fact is not: There has been massive growth in the number and wealth of billionaires in India since the economic liberalization measures in 1991. The phenomenon has often been compared to the United States’ experience in the latter part of the 19th century. This was a period evocatively described by Mark...

-The Times of India Delhi, which was not even among the world's top ten urban sprawls by population in 1990, is already the second largest behind Tokyo and will continue to retain that position till 2025, according to a UN projection. Mumbai, which was at No. 5 in 1990, has climbed to the fourth spot and will be No. 3 in the next 13 years. The projections made in the UN's recent...