he Cabinet Committee on Economic Affairs (CCEA) has finally approved India's biggest FDI deal. Many business giant believed that the USD 7.2 billion deal between Mukesh Ambani-led Reliance Industries (RIL) and British Petroleum (BP) would incise many such planned big deals.Jagannathan Thunguntla, Equity Head of SMC Capital, in a special dialogue with CNBC-TV18 accounted that the deal had brought tons of cash to the company’s cash-rich balance sheet of the and then the real trigger would be seen, if BP gets next to its technological proficiency.
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