Financial Daily from THE HINDU group of publications
Friday, Oct 28, 2005
Financial Daily from THE HINDU group of publications Friday, Oct 28, 2005 |
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Opinion
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Letters Foreign investments
The Cabinet has approved higher levels of foreign direct investments in a number of fields. With so much euphoria about foreign investment, the question is: Who benefits from them the most? According to a report, Warburg Pincus LLC, a global venture capital and buyout firm, has invested about $1 billion in the equity of Indian companies and has made more than three times that in a mobile telephone company. The way some foreign investors appear to be manipulating the stock market, East India Company could have learnt some lessons. V. S. Venkatavaradan Salem
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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