Posted by Equitymaster Share markets in India finished the day on a strong note on hopes of an interest rate cut ahead of RBI's monetary policy . At the closing bell, the BSE Sensex closed higher by 199 points, whereas the NSE Nifty finished higher by 60 ... Equitymaster.com, 2 weeks ago
The taboo in selling assets has departed from the Indian promoter’s psyche, which is resulting in a large number of billion-dollar deals. In October, when the Essar group sold its 98 per cent stake in Essar Oil to a Rosneft-led consortium for about $13 billion, it changed the face of mergers and acquisitions in the country. The Ruias celebrated the deal with full-page advertisements in financial newspapers. Harsh Goenka, chairman of the RPG group summed it up thus: “Earlier, ...Rediff.com, 1 month ago
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