India's Tata Steel keeps quiet on Corus intentions
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India's Tata Steel would not comment on whether it was staying in the race for Corus Group after investors allied to Brazilian steelmaker CSN were reported to have scaled up their combined stake in the Anglo-Dutch company to more than 15 percent.
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India's biggest private steel firm Tata Steel is in talks to acquire Anglo-Dutch steel giant Corus Group in a deal anticipated to be worth more than 10 billion dollars, newspaper reports said.
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India's Tata Steel is widely expected to raise its offer for steelmaker Corus ahead of a takeover deadline.
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Indian businessman Anil Ambani, locked in a battle for ownership of the country's largest private enterprise Reliance, has questioned moves by his older brother Mukesh to assert full control, a source close to the group said.
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Lear Corp.  said on Wednesday  that India&#39;s Tata AutoComp Systems Ltd. explored a possible bid  for the auto parts maker but will not submit a proposal to  rival billionaire Carl Icahn&#39;s buyout offer.
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Tata Steel of India and rival CSN of Brazil battled for control of Anglo-Dutch steelmaker Corus in a takeover auction which pits two emerging economic superpowers against each other for a major chunk of the European steel industry.
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India has not decided whether to buy six Scorpene submarines from France, Defence Minister Pranab Mukherjee said after the naval chief suggested the deal would be sealed soon.
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MUMBAI: Even as millions of Reliance Industries investors are closely following a bitter ownership row, operations at India&#39;s largest business conglomerate continue unaffected.
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Australia's Alumina Ltd. , said  it had no information regarding media speculation that BHP  Billiton Ltd./Plc.  or Rio Tinto Ltd./Plc   may bid for its partner Alcoa Inc. .
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India sought to calm on Wednesday opposition to the first port call by a U.S. aircraft carrier, saying firm environmental measures were in place for the visit of the nuclear-powered vessel.
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Anglo-Dutch steelmaker Corus will merge with Tata Steel next month once the Indian company's shareholders approve the 13.7-billion-dollar takeover, Tata said.
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India's biggest private steel firm Tata Steel has confirmed that it is mulling a possible takeover of Anglo-Dutch steel giant Corus Group.
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Tata Steel of India has out-bid its Brazilian rival CSN in an auction to take over the Anglo-Dutch steelmaker Corus with a bid of 608 pence per share, the Takeover Panel has said.
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Volkswagen confirms it is looking at the possibility of opening an Indian production facility, but insists it has yet to make a final decision.
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India has once again ruled out signing the Nuclear Non-Proliferation Treaty, at least for now.
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Finance Minister P Chidambaram on Monday declined to comment on the allegations of insider trading in Reliance Industries leading to sudden rise in its scrip price.
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India's Tata Steel  raised a  bid for Anglo-Dutch steelmaker Corus  to an agreed 4.7  billion pounds ($9.2 billion) on Sunday as it seeks to head off  a potential counterbid from Brazil's CSN .