Look Who's Gaining Altitude In India
On Sept. 1, India's Tata group withdrew a proposal to start a domestic airline. Ratan N. Tata, head of India's largest conglomerate, pulled the plug after the government deferred approval for the 20th time since 1995. Tata executives had gathered in New Delhi in hopes that regulators would give the green light, a signal that the country was allowing more competition. Instead, they could only troop back dispiritedly to headquarters in Bombay.
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