Bulls not raging
Financial Times
India’s booming stock market has been one of the most obvious indicators of the rapid rise of the country’s economy over the past few years.
DuPont to set up biotech research centre in India
Biofuel Review
DuPont will locate its first plant biotechnology research centre outside the United States at the recently announced DuPont Knowledge Center, in Hyderabad, India.
India to become second largest economy of world by 2050
PR NewsWire
India will emerge as the 2nd largest economy throughout the world by the year 2050, ahead of US, said Goldman Sachs in a statement that Economics Times published on 24 January 2007 broadening the estimates of the prospects of India in its October ’03 research paper “BRIC’s report”.
India’s Reliance eyes Carrefour stake
Financial Times Alphaville
Reliance Industries is looking to buy a stake in France’s Carrefour in a move that would catapult India’s largest private sector group into the ranks of the world’s top retailers. Reliance was looking at the possibility of buying the 13 per cent stake held by the Halley family, Carrefour’s largest shareholder, although talks had not yet been initiated, according to a person familiar with the situation. The Halleys’ stake in Carrefour, the world’s second-largest retailer by sales, was worth nearly €5bn on Wednesday night. The family controls 20 per cent of the group’s voting rights thanks to a convention that allows longer-term investors to have a larger say in its affairs.
India’s ITC to bid for UK’s Patak’s brand
Reuters
India's ITC Ltd.'s foods unit is likely to bid for Britain's Patak's, valued at about 200 million pounds ($387 million), the Economic Times newspaper said on Thursday.
Australia urged to enlist India in security alliance
Monsters and Critics
The United States wants India to join with fellow democracies Australia and Japan in a security pact that would counter the growing military and economic might of China, news reports said Thursday.
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