We had learnt from our insiders that Bharti Mittal group had sealed the retail venture with American retailing giant Wal-Mart. Subsequently Mittals said that they were in talks and the deal was not signed yet. But we were certain because of the high profile source.
Just 10 minutes ago at 10:00 AM IST, Sunil Bharti Mittal signed a formal MOU with Wal-Mart Stores Inc executive in New Delhi.
Who is Bharti ? Bharti is a well known Telecom company in India. Read more about Bharti’s achievements here.