Europe’s largest bank to tap rising Indian incomes

May 19th, 2008 | by admin |

HSBC Holdings Plc plans to buy 73.2 percent of IL&FS Investsmart Ltd, an Indian brokerage, for 10.03 billion rupees (235 million U.S. dollars) to tap rising incomes in the world’s fastest growing major economy after China.

Europe’s …

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