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Agence France Presse reports that French retailer Carrefour is close to a deal with Future Value Retail, a unit of Pantaloon Retail, which would allow it to set up franchise stores in India. Foreign retailers are not allowed to operate in India except in partnership with local concerns.

Bloomberg reports that Nestle “will begin selling drinks to fight malnutrition among the elderly in an effort to revive its nutrition business, which has trailed sales and profit forecasts every year since they were set in 2006. Resource SeniorActiv supplements will go on sale in Switzerland this year, the company’s nutrition unit said in an e-mailed statement today. The product includes protein, calcium and vitamin D to promote muscle strength and prevent bone fractures, the world’s largest food company said.”
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