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Fall from grace

StanChart shakeup turns screws on India's tycoons

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A shake-up at Standard Chartered could finally turn the screws on India's tycoons.

A shake-up at Standard Chartered could finally turn the screws on India's tycoons. The emerging market lender is slashing costs and shedding billions of dollars of risky assets. That puts Essar, one of India's most indebted conglomerates, on the spot.

StanChart is looking to offload some...

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