Sailesh Jha, chief Asia economist, Private Banking and Wealth Management at Credit Suisse, says Indian markets are "overly euphoric" as the country's recovery will likely miss expectations.» Read More
India's Essar group has met with Vodafone Group and offered a deal on the British firm's planned takeover of mobile phone operator Hutchison Essar, the Times of India reported on Thursday.
India's Essar group has made an offer to buy Hutchison Whampoa's 67% stake in mobile phone operator Hutchison Essar at an estimated enterprise value of $17-$18 billion, the Economic Times said.
British mobile phone giant Vodafone Group is considering the acquisition of a controlling interest in India's Hutchison Essar, it said on Friday.
The board of Britain's Vodafone Group is set to meet on Thursday to consider a proposed $13.5 billion-plus offer for India's Hutchison Essar, the Financial Times reported.
China is buying 4 nuclear reactors from Westinghouse (acquired this year by Japan's Toshiba). Sounds like a big win for American technology. But critics are concerned that the U.S. is selling off its competitive and technical edge. On today’s “Power Lunch” Bill Griffeth asked “When it comes to American ingenuity – are we giving away the store?”