Family offices of prominent industrialists and leading private equity funds, including Warburg Pincus, Bain Capital, and others, are considering acquiring a majority stake in Haier Appliances India’s operations. Talks and non-binding offers are being made to take a 51% controlling interest, with efforts to include significant Indian business families and additional financial investors.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction