Family-owned conglomerates like Tata and Mittal continue to expand holdings on the back of policy support courtesy of business-friendly Prime Minister Narendra Modi.
A trust run by Azim Premji is able to sell only half the shares on offer, resulting in yet another disappointing outcome for India's new auction sales method.
In an all-cash deal funded by accruals, Wipro acquires US-based Infocrossing, adding significant onshore capabilities and revenue generating opportunities.