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, 2 months ago
By Mayank Bhardwaj NEW DELHI (Reuters) - Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption. Prime ...Sify, 2 months ago
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