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The Union Cabinet approved the appointment of a one-man Committee into the media reports concerning Wal-Mart.
The terms of reference of the Committee are as follows:-
(i) To inquire into recent media reports on disclosures of Wal-mart before the US Senate regarding their lobbying activities and details.
(ii) Whether Wal-Mart undertook any activities in India in contravention of any Indian law.
(iii) Any other matter relevant or incidental to the above.
The Committee will submit its report within three months.
India Infoline News Service / 08:51, Feb 27, 2015
The outlook is a positive start .The unwinding of positions and rollover in the F&O expiry brought in the usual volatility on Thursday.