The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle SA to Colgate-Palmolive Co. will pursue more deals in a nation where household income is forecast to triple this decade.
United Spirits Ltd. surged by a record in Mumbai trading after Diageo Plc said it will buy a controlling stake in India’s largest distiller for $2.04 billion.
The plunge and rebound in Indian stocks that pushed the S&P CNX Nifty Index down 16 percent in eight seconds underscored concern about financial markets.
Indian stocks dropped for a fourth day in a shortened trading session amid concern a slowdown in the economy will hurt corporate earnings.
"Inflation is on a downtrend on the back of falling crude and commodity prices globally."
- Arun Kejriwal on Dec 11, 2014