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Friday, 21 October 2016

Russian firm to rescue debt ridden Indian shipbuilding company October 21, 2016 at 10:51PM

SOURCE : SPUTNIK In a bid to rescue itself from debt trap, India’s major naval shipbuilder is seeking funds from a Russian firm. Mumbai based naval shipbuilder ABG shipyard has confirmed that it engaged with a Russian firm to sell a stake to improve the company’s financial strength. However, ABG shipyard did not disclose the name of the Russian firm as talks are […]

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