Singh added that he would now focus on his other business interests, notably, financial services arm Religare and Fortis Healthcare.

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Religare is hoping to hire a few of them.

ECONOMIST: India is caught in two minds about financial globalisation

"I can't see any way Sony can possibly achieve that kind of number, especially since its business has been shrinking, " said David Rubenstein, senior technology analyst at Religare Global Asset Management Japan.

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