AIG’s 13-year wait gets longer as Modi rebuffed: Corporate India

August 14, 2014 by Anto Antony and George Smith Alexander

(Bloomberg) — American International Group Inc. waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait just got longer.

Opposition lawmakers, during the parliament session ending today, scuppered Prime Minister Narendra Modi’s attempt to revive a bill proposing a higher cap of 49 percent, dealing a blow to his campaign pledge to open the $1.8 trillion economy.  Click here to read…

Originally Posted at LifeHealthPro on August 14, 2013 by Anto Antony and George Smith Alexander.