The Reserve Bank of India refers the issue of Wal-Mart's (WMT +0.1%) $100M investment in an...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

The Reserve Bank of India refers the issue of Wal-Mart's (WMT +0.1%) $100M investment in an Indian company to regulators to see if any rules were violated in the deal. The action falls in line with the increasing pushback against the plan of the Congress party to open up the retail industry to large global companies, with Wal-Mart fast becoming the main symbol for the opposition.