While the Inflation and Unemployment surge in India, the German Stock Market holding company Deutsche Boerse picks up 5% stake in BSE (NYSE has picked up stake recently in NSE), and Citigroup & Blackstone group join Indian finance companies to start a USD 5 billion fund to build ports, roads, and power plants in India!
Of course, recently Hindalco (Birla group) picked up Novelis for USD 6 billion – in aluminium sector, after the Corus acquisition of Tatas.
So is India shining or not? Here is what the Big B has to say:
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