Issue: 0764 | Tuesday, September 11, 2007
Compliance professionals: few and far between
U.S. fund managers risking performance in back office
With defaults poised to rise, distressed bonds multiply
Credit derivatives retain market approval for now
Equity options dark pool to be launched shortly
Economic optimism fuels rise in US markets
'Flight to quality' to benefit universal banks
IT vendors bullish on outsourcing
 

 

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Indian Companies Hit Their Stride

It's been a banner year for India Inc. In March, Tata Steel finalized its $11.3 billion purchase of Dutch steelmaker Corus. In June, wind turbine maker Suzlon Energy paid $530 million for a controlling interest in German rival REpower Systems. Now, drug producer Sun Pharmaceuticals Industries is bidding $454 million for Taro Pharmaceutical Industries (TAROF), an Israeli generics maker. And Tata Steel's sister company, Tata Motors (TTM), could face off against hometown rival Mahindra & Mahindra in bidding for Jaguar and Land Rover, which Ford Motor (F) has put up for sale.

As India's economy grows faster than ever, its newly confident companies are showing their global ambition. And India's moment is evident in the latest BusinessWeek ranking of Asia's top 50 companies. Indian outfits dominate this year's list. (Read more..)

Source: Business week




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