Monday, June 18, 2007

India set to spend $35b in global mergers

June 18 - GulfNews.com - Indian firms flush with funds are expected to spend more than $35 billion this year on buying or merging with foreign companies, a report said yesterday.

Indian businesses seemed to have an increasing appetite for risk and this was driving global merger and acquisition deals, according to the report from Ernst & Young and the Federation of Indian Chambers of Commerce and Industry. Read More.

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