Tuesday, 7 August 2007

News from - Financial Times

Wal-Mart has succeeded in getting its toe in the door of the Indian Market via local partner Bharti Enterprises. The world’s largest retailer stressed it would work with and develop local supplies and create local beneficiaries along the supply chain. The 50/50 joint venture, called Bharti Wal-Mart, is a wholesale cash-and-carry business that will use Wal-Mart’s back-end logistics technology, inventory system, cold chain infrastructure, tuck tracking and fuel management. (Source: Financial Times)

It is expected that the rapid growth of online advertising will see the sector overtake US newspaper advertising in terms of size by 2011. The findings are from a widely-watched annual research report on the media sector Veronis Suhler Stevenson (VSS). In the 2007 study, VSS forecasts that online advertising will grow more than 21% to reach $62 billion in 2011 making it bigger than newspaper advertising, expected to total at $60 billion. Broadcast television, cable & satellite television combined will continue to take the biggest share to reach $86 billion in 2011 (source: Financial Times)

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