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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 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.
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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