Mahindra, which bought a 70% stake in Ssangyong Motors Co for $368 million in 2010, will hold 30% or less if the deal goes through. It will also do a 25% capital reduction.
The deal with Mahindra & Mahindra effectively ends Ford’s independent operations in India, the country it wanted to turn into one of its top three markets by 2020.
This is a case of conflict within a multicultural society. The question is, how can minority practices that offend majority sensibility coexist in the same place and be reconciled?
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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