Marauding maharajahs

Indian Cricket team exited the World Cup Cricket tournament in a shock. This single event has broken perhaps a billion or more Indian's heart across the globe. But in business, due to "reforms to capital markets, the stockmarket has exploded even as interest rates have remained low. Other bottlenecks have been removed, including rules limiting the debt that companies can accrue."

Here is another observation from The Economist:

"the tide of foreign acquisitions by Indian companies will continue to rise, with more and bigger deals. How successful they will be is less certain. No big foreign acquisition has failed so far—even though, according to consultants at McKinsey, that is the fate of 60-70% of cross-border takeovers. “It's important for companies to look at the economic rationale, and not get taken to extremes by emotion and ego,” says Ranbaxy's Mr Singh. Wise words for proud Indians, especially since their cricket team keeps losing."

Read the full article from the following link:
http://economist.com/business/displaystory.cfm?story_id=8934672