INDIA: Kraft could be slapped with a multimillion-pound tax bill after the Indian government said it was assessing Kraft Foods' tax liabilities following its £11.5bn takeover of Cadbury last year. The investigation follows the filing of a public interest petition by Delhi based law firm Kanth & Associates, which claimed Kraft had evaded tax liabilities relating to the sale of Cadbury's assets in India.

Carrefour has opened its first cash & carry in New Delhi under the name Carrefour Wholesale Cash & Carry. The 52,000 sq ft depot is located in the Shahadra neighbourhood and will offer more than 10,000 food and non-food SKUs to professional businesses, institutions, restaurants and local retailers.

CHINA: Walmart has invested in China's largest e-commerce consumer electronics seller Walmart was one of six strategic investors understood to have agreed to invest a collective $500m in the company. Walmart will have about 300 stores in the country when it completes the takeover of the discount store chain TrustMart and announced plans to target e-commerce for its Sam's Club products in the country last year.

FRANCE: Casino Group has hired Alain Thaly as group marketing director from Carlsberg Breweries Group where he was international marketing director. Thaly began his career with Coca-Cola and held a variety of marketing functions before moving on to work for Rémy Cointreau, Scottish & Newcastle and Carlsberg.

US: Household cleaning product company SC Johnson has acquired Sara Lee's global shoe care business for £158m (245m). The deal includes the Kiwi, Kiwi Kleen, Bama, Tana and Meltonian brands. The business generated annual sales of £148m (230m) in 2009 and accounted for about 19% of the operating income for its international household and body care business.

AUSTRALIA: Carlton & United Breweries and Carlsberg Group have extended a long-term exclusive licence to sell and market Carlsberg brands in Australia.