VIDEO: Finance Latest News: Red Tape, Graft Mean India not Such a Super Market for Wal-Mart

Wal-Mart’s India expansion is stalled. When India announced last September that it would allow foreign supermarket chains to take majority ownership of their Indian operations, it marked a victory for Wal-Mart Stores Inc (WMT), which had spearheaded efforts to open the market and said its first retail store would open within two years.

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