Asia Top News and Analysis India

  • Retailer Office Depot reported earnings slightly ahead of analysts' expectations Wednesday, but sales were shy of the consensus estimate.

  • India's Tata Steel is likely to buy back existing Corus debt in the financing of its acquisition of the Anglo-Dutch steelmaker, the Financial Times said on Monday, citing people familiar with the matter.

  • "If the market's going up, why am I so worried?" That sounds like a question from a self-help group. It encapsulates a lot of the viewer feedback we are receiving on "Squaw Box" at the moment.

  • Swedish mobile telecom equipment maker Ericsson reported a rise in fourth-quarter profit Friday, but the company's view of 2007 results was a little softer than anticipated.

  • When a company talks about laying out $11 billion in cash you have to take note. In this case it’s Tata Steel's decision to buy the Anglo-Dutch steelmaker Corus after beating out rival Brazilian bidder CSN.

  • Private equity is once again looking to make a deal in India. Today, it's for a 33% stake in Hutchison Essar. (“Hatch” as it’s called was one of the first cell phone companies in Mumbai.) This deal is just the latest in the money scramble to get in, on one of the world's fastest growing economies. On today’s “Power Lunch” we asked just how hot are the private equity opportunities in India?

  • Infosys Technologies  reported fiscal third-quarter earnings and revenues that topped analysts' expectations, and also bumped up its outlook for the current quarter.

  • The Indian government has put on hold a proposal from Starbucks to open retail outlets in the country as the company hasn't provided complete information about its plan, a senior government official said.

  • Vodafone''s chief executive said Wednesday that his company will soon make a firm bid for Hong Kong-based Hutchison Whampoa's controlling stake in a leading Indian mobile phone company.

  • Vodafone Chief Executive Arun Sarin will go to New Delhi on Wednesday to meet India's prime minister, the Daily Telegraph reported, even as rival bidders waited in line to begin due diligence of Hutchison Essar.

  • In an exclusive interview, Lakshman Acuthan, managing director of the Economic Cycle Research Institute, says slowing growth in 2007 is “probably a good thing” – even for Britain.

  • 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.

  • nuclear_reactors.jpg

    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?”