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Rio Tinto has heightened its pursuit of Riversdale Mining, the Australian coking coal group, with a new A$3.9bn ([pounds sterling]2.5bn) bid that would entail at least an extra $1bn ([pounds [...]

mining Rio Tinto, the Anglo-Australian miner, is understood to be on the verge of lifting its indicative bid for Australian-listed Riversdale from A$3.5bn to more than A$3.7bn ([pounds sterling]2.4bn). A [...]

MINING Rio Tinto, the AngloAustralian miner, is understood to be on the verge of lifting its indicative bid for Australia-listed Riversdale from A$3.5bn to more than A$3.7bn (US$3.7bn), with an [...]

Indian As rural migrants to crites such as Mumbai struggle to fit into a skills and services driven economy, job creation is becoming ever more crucial to growth, write Joe [...]

mobile & telecoms Funds to pay off existing 3G loans Deal amid China state visit to India Reliance Communications, India's debt-stricken mobile phone operator, announced it would receive a $1.93bn [...]

Household Goods [pounds sterling]454m bid for healthcare business Deal extends push into OTC drugs Reckitt Benckiser, the household products group, has trumped a slew of multinational and domestic bidders by [...]

Travel & Leisure Mukesh Ambani, India's richest man, is gambling that his cricket-mad compatriots will take to soccer. Reliance Industries, the billionaire's company, has teamed up with IMG, the US [...]

mining Severstal, Russia's biggest steelmaker, is set to sign a deal with India's largest iron ore producer to build a $5bn steel plant to meet growing demand from the country's [...]

MINING Japanese trading house Toyota Tsusho has reached a strategic deal with India to secure rare earths, the vital minerals used in high-tech goods from computers to electric cars, in [...]

Japanese trading house Toyota Tsusho has reached a strategic deal with India to secure rare earths, the vital minerals used in high-tech goods from computers to electric cars, in a [...]

Mobile & telecoms Data show 30% of subscribers inactive India's claims to the world's fastest-growing mobile telecoms market have been thrown into doubt with the release of data showing that [...]

MOTORCYCLES Japanese to sell stake to Indian partners US companies to help finance deal US private equity groups are moving towards buying a stake in India-based Hero Honda - the [...]

cars News analysis The 'world's cheapest car' is set for a marketing push, says James Fontanella-Khan When Ratan Tata unveiled the Nano in 2008, the chairman of Tata Group said [...]

support services India's Tata Consultancy Services launched its first call-centre in the Philippines on Thursday. The move reflects Indian outsourcing companies' shift to transfer more basic services offshore as they [...]

Client: Bharti Airtel Agency: Brand Union (WPP) Territory: Asia and Africa Verdict: ** Bharti Airtel went from being India's biggest mobile operator in subscriber terms to an emerging markets multinational [...]

Indian tycoon seeks to suppress publication Ratan Tata, one of India's leading businessmen, has launched legal action to suppress publication of intercepted telephone conversations with a corporate lobbyist being investigated [...]

News analysis Investment data suggest foreign funds are now being pulled out, writes James Fontanella-Khan Just as in politics, a week can be a long time in financial markets - [...]

An Indian Supreme Court judge will this weekend decide whether the Rajasthan Royals cricket team should be reinstated to the Indian Premier League, write Roger Blitz and James Fontanella-Khan. The [...]

media News analysis Politics take shine off IPL promise, write Joe Leahy and James Fontanella-Khan For months, Seamus O'Brien, the head of World Sports Group, and cricketing authorities in India [...]

MOBILE & telecoms News analysis India's auditor puts cost of lost revenues at $39bn, writes James Fontanella-Khan Mobile carriers in India have in the past week come under a lot [...]

Fall-out continues from 2008 spectrum bids Indian and foreign phone companies could be forced to pay more than $1bn ([pounds sterling]630m) each to the New Delhi government after a critical [...]

mobile & telecoms News analysis Country's auditor sets out the costs of lost revenues, writes James Fontanella-Khan Indian and foreign phone companies could be forced to pay more than $1bn [...]

Cemex of Mexico, one of the world's largest cement producers, was in talks to buy a controlling stake in Murli Industries, a small Indian cement company, in what would be [...]

CONSTRUCTION Cemex of Mexico, one of the world's largest cement producers, is in talks to buy a controlling stake in Murli Industries, a small Indian cement company, in what would [...]

Manmohan Singh, India's prime minister, has faced questions in the country's Supreme Court over his government's issuance of controversial telecoms licences two years ago. A furore over telecoms licensing has [...]

India's economic growth is coming at the price of a 'shrinking moral universe', Sonia Gandhi, the president of India's ruling Congress party, said in the wake of a telecoms scandal [...]

Construction A bold private sector effort to create a city from scratch in India's Maharashtra state has had regulatory approval for a Rs20bn ($440m) initial public offering. Hindustan Construction, the [...]

Telecoms scandal prompts outburst India's faster economic growth is coming at the price of a 'shrinking moral universe', Sonia Gandhi, president of the ruling Congress party, said in the wake [...]

Mobile and telecoms Shares in Reliance Communications, India's second-largest mobile operator, and Unitech, the Indian realestate developer, dropped as much as 10 per cent on the first day of trading [...]

India's telecommunications minister has resigned over a dispute caused by his awarding of 2G mobile phone licences on a 'first-come, first-served' basis to new entrants in 2008. Andimuthu Raja resigned [...]

MOBILE & TELECOMS Supreme Court orders payment Group disputing bill on 2007 Essar deal Vodafone has been ordered to pay Rs25bn ([pounds sterling]345m) to India's top court while the UK [...]

Investment Companies Religare Capital Markets, backed by India's wealthy Singh family, is planning acquisitions in four developing countries during the next six to 12 months as it seeks to become [...]

Investment Companies Indian group seeks global position Deals aim to build overseas network Religare Capital Markets, backed by India's wealthy Singh family, is planning acquisitions in four developing countries during [...]

automobiles A recall in all but name, say analysts Sales falling as enthusiasm dwindles India's Tata Motors is contacting all of the owners of its celebrated Tata Nano - the [...]

Personal goods India's farmers and housewives are joining western investors and stocking up on gold, underpinning the market even as prices soar to new records. Buyers in India, the world's [...]

Travel & Leisure IHC prepared to pay at least $400m India Hospitality Corp, an Aim-quoted leisure company, is prepared to pay at least $400m ([pounds sterling]249m) to acquire Wagamama, as [...]

US easing plans stoke concerns Fears increase of fresh capital inflows India and Australia raised interest rates on Tuesday amid rising inflation fears as the US Federal Reserve prepared to [...]

oil & gas Group joins China in energy scramble India's largest oil group is considering acquiring ExxonMobil's and Total's oil assets in Angola, in the latest effort by the state-run [...]

general financial News analysis Stocks and deals are attracting heavy interest, write Joe Leahy and James Fontanella-Khan India's staid public sector companies are usually the last to attract interest from [...]

electricity Reliance Power has ordered $10bn worth of power generation equipment from Shanghai Electric Group in a deal financed by Chinese banks. One of the biggest contracts ever between India [...]

Blackburn Rovers is on the brink of being acquired by Venky's, an Indian poultry group, in the latest takeover deal involving an English Premier League football club. The deal, if [...]

Economists are warning that New Delhi may be underestimating the risks of excessive capital inflows, as huge foreign portfolio investment into India has helped push both the stock market and [...]

Economists are warning that New Delhi may be underestimating the risks of excessive capital inflows, as huge foreign portfolio investment into India has helped push both the stock market and [...]

Coal India's $3.5bn initial public offering will be the country's biggest after the Indian government decided to list the state-run company at Rs245 per share. The decision to price the [...]

Mayfair and Mumbai might appear to have little in common but in a city where land is so scarce that it is continually being reclaimed from the Arabian Sea, prices [...]

Claim relates to deal three years ago Indian tax authorities have ordered Vodafone to pay Rs112.18bn ([pounds sterling]1.6bn) in back taxes for its $11bn acquisition of Hutchison Whampoa's stake in [...]

MOBILE & TELECOMS $2.5bn demanded over acquisition UK group rejects authorities' demand Indian tax authorities have ordered Vodafone to pay Rs112.18bn ($2.53bn) in back taxes for its $11bn acquisition of [...]

Foreign buyers flock to share issue Coal India's $3.5bn share sale, set to be the country's biggest initial public offering, was 12 times subscribed on the third day of bidding [...]

OIL & GAS Indian Oil Corp plans to raise a record Rs190bn ($4.3bn) by selling 20 per cent of its shares in what would be India's biggest IPO, as several [...]

industrial metals South Korean steel group Posco's long-delayed plans for a $12bn integrated steel mill and dedicated port in India's eastern state of Orissa were set back on Monday after [...]