Links for 19/4

India's Essar buys Minnesota Steel for 100 million dollars
Monsters and Critics
India's Essar Steel has signed an agreement to buy US-based Minnesota Steel LLC for 100 million dollars in the second overseas acquisition by the Indian steelmaker this week, news reports said Thursday.

US concerned India stance on nuclear energy could jeopardise deal
ABC Money
The United States expressed concern over the progress of negotiations for a nuclear energy deal with India as New Delhi wants key clauses rewritten, the Financial Times reported, quoting a senior US official.

India's MGF, Dubai's Emaar group buy Singapore's RSH
Monsters and Critics
Indian real estate major MGF group and Dubai-based Emaar Properties have acquired a majority stake in Singapore-based retailer RSH Ltd, officials and reports said Thursday.

AIG unit likely to buy stake in India's Avasarala Tech for $20 million
Hemscott
American International Group's (AIG) private equity arm AIG Global Investments is set to buy a minority stake in India's Avasarala Technologies for 20 mln usd, reported the Economic Times, citing Avasarala.

Indian auto firms eye global markets
BBC Online
The drive across Kancheepuram's sprawling paddyfields, through rural villages and past small Hindu temples, does little to prepare for the lush greenery at the end of the dusty, single-track road.

Race to expand Delhi's Metro
Financial Times
Across Delhi metal signs are sprouting up to mark the spots where new metro stations will emerge.

BAE in discussions with Indian partners for army vehicle contract
The Business
BAE systems, the British defence giant, is in discussions with Indian partners to produce a new generation of armoured vehicles for the Indian army.

India's steel production set to triple by 2015 as demand booms
ABC Money
India said Wednesday it has raised its forecast for steel production, which it expects will expand threefold by 2015 as companies raise output to take advantage of surging domestic and overseas demand.