Wednesday, April 04, 2007

Links for 3/4/07

India's Tata Steel completes acquisition of European steelmaker Corus
International Herald Tribune
NEW DELHI: India's Tata Steel has completed its US$11.3 billion (€8.5 billion) acquisition of European steel maker Corus Group PLC, a takeover that makes the Indian company the world's fifth-largest steel producer.

Peeling back the layers of booming India
Reuters
NEW DELHI (Reuters) - Down by the customs house, past an unpaved road and the cows munching at piles of rubbish, the booming new India unceremoniously stopped in its tracks.

Hershey to buy 51 pct in India's Godrej Beverages
Reuters
MUMBAI, April 2 (Reuters) - U.S. chocolate maker Hershey Co. (HSY.N: Quote, Profile, Research) will buy 51 percent in Godrej Beverages & Foods Ltd., in a deal that values the Indian firm at about $100 million, a source close to the deal said on Monday.

India stocks fall on shock rate rise
Financial Times
Indian shares tumbled almost 5 per cent on Monday, after the central bank raised interest rates after markets closed on Friday in its latest attempt to cool an overheating economy.

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