Inbound merger and acquisition activities in India grew by over 45% in April-June quarter this year, with IT/ITeS, Banking, Financial Services and Insurance and telecom sectors witnessing maximum action, an industry study said. The quarter saw M&A worth $7,907.11 million against $5,439.23 million in the same period last year "The IT/ITeS sector has continued to attract foreign companies for M&A despite the Satyam nongovernance issue and the global economic slowdown," Assocham study said. M&A activities in the sector increased to $8,046.24 million in June quarter of FY'10, from $219.35 million in the previous quarter last fiscal. In value terms, however, the overall M&A deals declined by 12.76% to $9,484.91 million.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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