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The story of Indian business?

There are flaws in the economy that is evolving to one in which private interests play a larger role

Kanika Datta 

Kanika Datta Any foreign businessperson seeking investment opportunities in India is unlikely to be encouraged by the reports that appeared above the fold of Business Standard’s front page on August 22. The lead was all about the Ruias of Essar completing a 98 per cent stake sale of their oil company to Russian giant Rosneft to pay off the enormous debts the group has racked up. The second lead reported the possible closure of 169 outlets in the north and east by McDonald’s after it terminated a troubled, two-decade-old franchise agreement with a local realtor. The third was a follow-up to ...

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First Published: Wed, August 23 2017. 22:42 IST
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