IDBI will not fund takeovers by MNCs, says Gupta
The Industrial Development Bank of India (IDBI) will not fund takeovers by multinationals in India, chairman GP Gupta said here on Thursday. Multinationals will have to bring their own funds if they wanted to acquire Indian companies, he said.

Surveillance of NBFCs tightened, says Sinha
Government on Thursday said it had strengthened regulatory mechanism for Non-Banking Financial Companies (NBFC) with the setting up of an independent department of non-banking supervision, which

Ficci seeks a check on MNC entry via arms
Multinational companies should not be allowed to set up fully-owned subsidiaries in areas where they already have a joint venture with a local partner, the Federation of Indian Chambers of Commerce & Industry (Ficci) said on Thursday.


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