Ranbaxy, a big Indiangenerics firm, gobbled upsixcompetitorslast year and is now talking withprivate-equityfirms about a bid for thegenerics arm of Germany's Merck.
Instead, he told the board the district should focus its energy on creating new programs and specialty schools that would entice students to remain with IPS or transfer back from competitors such as private schools, charter schools and, now, takeover schools.
This move by Citigroup is also the first by a major global bank to expand retail banking services in India since 2008 with many competitors like Barclays, UBS and JPMorgan scaling down retail and private banking operations in recent years.