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For New India, a House of New Resolve & Aspirations
Prime Minister Narendra Modi inaugurated the new Parliament building on Sunday and said India is leaving behind the “mentality of slavery.” He also called for making India a developed nation by the 100th anniversary of its Independence.
Baring EQT Set to Buy Credila for up to $1.5 Billion
Baring Private Equity Asia (BPEA) EQT is set to acquire Credila Financial Services, the educational loan arm of Housing Development Finance Corp (HDFC), for $1.3-1.5 billion (₹10,000 crore-12,000 crore), trumping private equity rivals Carlyle, TA Associates, Blackstone and CVC Capital, among others, said people in the know.
Angel Tax on MNCs may Bedevil FDI
US-based multinationals, British companies and leading French industrial groups that have closely held subsidiaries in India will face so-called angel tax scrutiny if they bring in fresh equity capital.
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