05:45:28 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



Walmart CDR (CAD Hedged)
Symbol WMT
Shares Issued 1,300,000
Close 2023-08-18 C$ 23.25
Market Cap C$ 30,225,000
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Globe says Apple, Walmart have high hopes for India

2023-08-21 07:54 ET - In the News

See In the News (C-AAPL) Apple CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that with technology in particular, government and businesses in India are working to leap from an outsourcing relationship with Western partners to one of collaboration. Guest columnist Mark Wiseman writes that American tech leaders such as Tim Cook have taken note, with the Apple chief executive officer recently proclaiming that India presents a "huge opportunity" for continued expansion. Large semiconductor companies such as Micron and Applied Materials used Indian Prime Minister Narendra Modi's recent visit to the United States to announce significant investments in India. However, the controls of key levers of the Indian economy sometimes rest with a handful of well-connected individuals and families, boxing international investors out of major growth sectors. A $2-billion (U.S.) tax dispute between Britain's Vodafone and the Indian government, as well as Walmart's hurdles in establishing a retail footprint in India, highlight the country's sometimes unfavourable regulatory environment. The decisions it makes today, and the global events that follow, will determine whether India emerges as the world's next great economic power and foreign investment destination.

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