It is India's love of conglomerates that is the mystery.

印度对于集团的钟爱之情倒是一个谜。

Alibaba is one the world's biggest Internet conglomerates.

阿里巴巴是世界上最大的互联网门户之一。

Yet the record of the two big luxury conglomerates is mixed.

然而两家大型奢侈品集团的记录是混合在一起的。

Even well-run conglomerates sell at a discount to break-up value.

即使是那些经营良好的企业集团，也以拆卖价值折价出售。

India could end up allowing industrial conglomerates to own Banks.

印度最终将允许工业企业集团拥有自己的银行。