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Wal-Mart, India Bharti to Hold News Conference

Source: Reuters
06/08/2007

Mumbai, Aug 6 - India's Bharti Enterprises and Wal-Mart Stores Inc. will hold a media conference in New Delhi at 3:30 p.m. (1000 GMT) on Monday, a spokeswoman for Wal-Mart said.

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A senior official from Wal-Mart and the head of Bharti Retail Ltd., Rajan Mittal, will be present at the conference, she said.

NDTV Profit television said Bharti Enterprises chief Sunil Mittal said 8 joint stores had been finalised, with the first store formats to be cash-and-carry.

Earlier this year, Bharti and Wal-Mart agreed to form a joint venture for cash-and-carry stores and back-end operations in India.



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