Here's a timeline of the six-year old alliance of the two companies in India.
• August 2007Walmart and Bharti group sets up 50:50 joint venture (JV) for wholesale cash-and-carry business in India
• May 2009The JV launches its first cash-and-carry store under the `Best Price Modern Wholesale’ brand in Amritsar
• March 2010Walmart invests $100 million through compulsorily convertible debentures (CCDs) in Cedar Support Services, a Bharti Group firm that allegedly operates front-end retail stores
• September 2012Govt says it has received a letter from CPI Rajya Sabha MP P Achuthan raising specific questions on Walmart’s investment in Cedar Support ServicesGovt allows upto 51% FDI in multi-brand retail
• November 2012Bharti Walmart suspends five top executives as part of an ongoing investigation against alleged corrupt practices that Walmart has launched globally in countries including Mexico and Brazil
• December 2012Government announces probe against Walmart’s reported disclosure to the US Senate that it spent about $25 million since 2008 on lobbying activities that included “enhanced market access for investment in India”
• June 2013Walmart India CEO Raj Jain quits in a sudden turn of events with the company not elaborating the reasons. Ramnik Narsey replaces Jain.
• September 2013The deadline for converting funds lent by Walmart through CCDs to a Bharti group company running front-end retail venture ends.
• October 2013Both the companies call off the alliance stating they will go separate ways in both retail and wholesale ventures.