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Billionaire Anil Agarwal’s Vedanta Group has widened its net for borrowings to credit funds such as Farallon Capital, Davidson Kempner and Ares SSG Capital to meet more than $1 billion in upcoming repayments, said people familiar with the matter.
IT hardware manufacturers such as Foxconn, HP and Dixon Technologies have urged the government to drop the fresh investment clause proposed in the revised production-linked incentive (PLI) scheme being prepared for the industry.
The global chief executive of Benetton Group said India is critical for rebuilding the “coolness” quotient of the Italian clothing brand globally, part of its wider strategy to turn the retail chain around and fight back against fast fashion rivals.
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