The private companies concerned will take comfort that cooperation could reduce political risk. But for the broader reform agenda, half-measures will likely be worse.
Telecoms group China Unicom's $11.7 billion ownership-reforms plan, billed as a model case for revitalizing Chinese state firms with private capital.
Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing's push.
Online retailing major Flipkart is believed to have sent a revised offer of USD 900-950 million to buy smaller rival, Snapdeal, according to sources.
Sells 85% of units in Project Forest Edge on day of launch
Board approves buyback of upto Rs 166 Cr At Rs 1,100/Sh
Gets environment approval for pesticide plant in Gujarat
Taj Mansingh Bidding may be delayed by a month
Business Standard Reports
BANK OF INDIA
Defers Rs 3,000 Cr QIP as Govt Infuses Rs 2,257 Cr
Business Line Reports