Friday, March 16, 2007

Links for 16/3/07

This week in India
Retail Bulletin
James Durston, our correspondent in Delhi, brings you the last seven days' news from India's burgeoning retail industry

India pockets highest salary hikes in Asia-Pacific
Monsters and Critics
Salaries in India last year recorded double-digit growth for the fourth year running at 14.4 per cent, the highest in the Asia Pacific region, with HR consulting firm Hewitt Associates forecasting an average of 14.5 per cent wage hike in India in 2007, media reports said Friday.

India’s Reliance Industries to buy 59 pct in Dow Chemical spin-off ops
ABC Money
India's Reliance Industries is close to buying a 59 pct stake in a company to be spun off by Dow Chemical Co for 12 bln usd, reported the Times of India without citing any sources.

Essar to receive $415m to clear India deal
Financial Times
Essar is set to be paid $415m (£214.3m) under a settlement aimed at ending the threat of legal action hanging over Vodafone’s takeover of Hutchison Essar, India’s fourth largest mobile operator.

India’s Suzlon Energy likely to raise REpower bid to 1.7 bln usd
ABC Money
India's Suzlon Energy Ltd may revise its offer for Germany's REpower Systems AG to 1.7 bln usd following Areva's counter offer of 1.5 bln usd, the Economic Times reported, citing unnamed sources.

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