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Wal-Mart heir John Walton dies in plane crash
Wyoming, USA: Wal-Mart heir John Walton died Monday when his ultra light aircraft crashed after taking off from an airport in Jackson, Wyoming, the company announced.

Walton, 58, was the second son of Wal-Mart founder Sam Walton and served on the board of directors of the world's largest retailer.

He was ranked No. 7 on the Forbes magazine list of the 400 wealthiest Americans in 2004, with a fortune estimated at $20 billion.

Walton served in Vietnam as a combat medic with the Army's elite Special Forces, winning the Silver Star for saving lives under fire, according to a statement from the Bentonville, Arkansas-based company. He also sat on the board of the Walton Family Foundation, the family's philanthropic enterprise.

He is survived by his wife, Christy, and son Luke; his mother, Helen; brothers Rob and Jim Walton; and sister, Alice.

Helen Walton and all four of her children were ranked among the top 10 on the Forbes list.
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Narasimha Murthy joins LIC Housing Finance as Director
Hyderabad: K. Narasimha Murthy, a chartered accountant, has joined the board of LIC Housing Finance Ltd as an Independent Director on June 26.

Murthy, who chaired the Expert Committee on Urban Co-op Banks in Andhra Pradesh, has recently been co-opted as an expert member on the Prasar Bharati Restructuring Committee.
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