Links for 16/4/07

Ericsson, Nokia, Motorola seen bidding for Hutchison India tender
Hemscott
Ericsson, Nokia and Motorola are expected to bid for a $2 billion expansion tender to be launched by India's Hutchison Essar, the Economic Times reported citing unnamed sources.

Italy's Caleffi forms distribution joint venture in India
ABC Money
Italy-based Caleffi SpA has formed a joint venture in India, Caleffi Bed & Bath India Pvt Ltd, to distribute its products in the country, reported the Economic Times.

Nestle Waters bidding for Indian brand, Tata bidding for brand maker
ABC Money
Nestle Waters is bidding for Indian brand Himalayan water despite the Tata group being close to buying a majority stake in the manufacturer of the brand, Mount Everest Mineral Water, for 2 bln rupees, the Economic Times reported.

Baird links up with Indian adviser for help with portfolio companies
The Telegraph
A mid-market private equity house has become one of the first of its type to link up with an Indian partner to develop relationships in the region purely for its portfolio companies.

World poverty reduced by growth in India and China
The Guardian
Spectacular growth in China and India has pushed the number of people around the world living on less than a dollar a day below the 1 billion level, but masks entrenched poverty in Africa and Latin America, the World Bank said yesterday.

Vodafone yet to persuade Indian regulators on Essar deal
Hemscott
Vodafone Group is struggling to convince the Indian government that its proposed 5.5 bln stg acquisition of a 67 pct economic interest in Hutchison Essar, the country's fourth-largest mobile operator, does not breach rules on foreign direct investment, according to the Financial Times.

India's Essar to buy Canadian steelmaker Algoma
Reuters
Essar Global said on Sunday it agreed to acquire Canadian steelmaker Algoma Steel Inc. (AGA.TO: Quote, Profile , Research) for C$1.85 billion (US$1.63 billion) in cash in the latest overseas steel acquisition by an Indian company.

UK firms ‘must look to potential’ of India
The Herald
India poses immense threats and offers extraordinary opportunities to British business, yet the greatest threat to India could be from internal pressures.

UAE firms eye Indian real estate pie
Monsters and Critics
With its booming economy, the Indian market is surely attracting a lot of attention, especially from the United Arab Emirates (UAE). At a major realty fair in the capital, eight UAE-based property developers showcased their properties and also checked investment options.