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Wal-Mart to ink deal with Bharti

NEW DELHI: Wal-Mart Stores Inc, the world's biggest retailer, on Wednesday said it was close to finalising an agreement with Bharti for a wholesale cash-and-carry venture and would open the first store next year. Raj Jain, President (Emerging Markets) of Wal-Mart International, said the company could place a proposal to this effect to its global board of directors soon.

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