Links for 24/4

India commercial rocket takes off
BBC Online
India's first commercial rocket has been launched into space.

India predicts further rapid growth
Financial Times
The Reserve Bank of India is expected on Tuesday to use its annual policy statement to predict another year of exceptionally rapid growth, but also to signal its determination to stamp out signs of overheating in the Indian economy.

Vedanta to spend $1.37 billion on India's Sesa Goa
Reuters
India-focused miner Vedanta Resources Plc (VED.L: Quote, Profile , Research) said on Tuesday it planned to buy a 71 per cent stake in Indian iron ore exporter Sesa Goa Ltd for $1.37 billion, having already struck a deal to buy 51 per cent.

India's FIPB defers decision on Vodafone's Hutch-Essar deal again
Hemscott
India’s Foreign Investment Promotion Board has once again deferred a decision on Vodafone's proposed acquisition of Hutch-Essar from Hutchison Telecommunication International Ltd and the board will now meet on April 27, the Business Standard reported.

LVMH to take 20 per cent in India's Hidesign
Reuters
France's LVMH Moet Hennessy Louis Vuitton is in talks to buy 20 percent in Indian leather goods maker Hidesign, the Economic Times said on Tuesday.

Reserve Bank of India keeps key rates unchanged
Hemscott
The Reserve Bank of India (RBI) kept key short-term borrowing rates unchanged as it seeks to keep economic growth on track despite inflation running well above its comfort zone.

Lehman may invest up to $300 million in Indian Special Economic Zone
Hemscott
Lehman Brothers may invest up to 300 mln usd in two tranches in a Bangalore-based research and development Special Economic Zone (SEZ), the Economic Times reported, citing unnamed sources.

India signs energy deal
Times Online
Japan has signed a deal to help India fight global warming as the two countries look ahead to working together after the Kyoto Protocol expires in 2012.

India offers best 'no risk investment'
Asstez News
Those looking to invest in property beyond Europe may not have considered India, but now, according to Hena Kishore, a property consultant for Sternon, they should.