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COPYRIGHT 2006 Asia Pulse Pty Ltd
Business in Asia on November 28, 2006. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
WAL-MART TO ENTER INDIAN MARKET AFTER SIGNING JV DEAL WITH BHARTI
NEW DELHI - US retail giant Wal-Mart will enter the fast-growing retail market in India after signing a joint agreement with India's Bharti Enterprises, according to media reports. The two companies said they had signed a deal to "jointly explore business opportunities" in India. Bharti chairman Sunil Mittal said the two companies intended to open "several hundred" stores across India under the Wal-Mart brand name. "They (Wal-Mart) will be a joint venture partner," Mittal said on the sidelines of the India Economic Summit. "We are talking here about several hundred (stores) across the country," Mittal said.
NEC TO EXIT CHINA'S MOBILE HANDSET MARKET
BEIJING - NEC will withdraw from China's 2G and 2.5G mobile phone market and will not put any new type of mobile phone products on the market, a PR person of NEC Telecom (China) Co., Ltd. told Shanghai Securities Journal on Nov. 26. NEC's mobile phone production base in Wuhan...
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