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Politics

India moves to curb Chinese corporate takeovers

New Delhi fears coronavirus leaves companies vulnerable to foreign bids

Keeping an eye on the market: People watch share prices outside the Bombay Stock Exchange.   © Reuters

NEW DELHI (FT) -- India has tightened its foreign investment rules to block "opportunistic takeovers" by its neighbors, acting on concerns that Chinese buyers could use the coronavirus pandemic to snap up weakened Indian companies.

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