Indian benchmark stock index tanks on global trends
Monsters and Critics, 14/3
India's 30-share sensitive Bombay Stock Exchange (BSE) index Sensex plunged by more than 400 points in early trade on Wednesday as funds sold heavily taking cues from weakening global markets.
Reliance Industries' ratings affirmed on news of IPCL merger
Hemscott, 14/3
Fitch Ratings has affirmed India's Reliance Industries Ltd's ratings following the company's announcement that it will merge Indian Petrochemicals Corporation Limited (IPCL) with itself.
RPT Mittal Steel in lead to buy Mitsui & Co's 51 per cent stake in Sesa Goa
Hemscott, 14/3
Mittal Steel is leading the race to buy Mitsui & Co's 51 pct stake in Indian iron ore producer Sesa Goa for 41 bln rupees (48 mln stg) or 2,050 rupees per share, Indian daily Hindustan Times reported, citing investment bankers close to the deal.
EDS to acquire Indian software testing company
Financial Director, 14/3
The acquisition is to accelerate EDS' existing global software testing, validation and verification services for enterprise clients.
U.S. nuclear deal won't power India's boom
Reuters, 14/3
Nuclear energy will remain a small part of India's power supply for the next 25 years even if the country seals a civil nuclear deal with the United States, a member of India's top policy making body said on Tuesday.
India leapfrogs the UK for Nokia
Silicon, 14/3
India has overtaken the UK in terms of mobile sales for the world's biggest handset manufacturer, Nokia.
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