Ross makes inaugural Indian investment

WL Ross, the private equity firm led by billionaire Wilbur Ross, has made its first foray into the Indian market by acquiring a majority stake in fabric maker OCM India.

Ross has said he is bullish on India and China and on the textiles, automotive parts and reinsurance industries.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions