Tata Power Buys 26% in Indonesian Miner BSSR

Tata Power, India’s largest private power producer, said it had acquired a 26 per cent stake in Indonesian miner PT Baramulti Sukses Sarana Tbk (BSSR). The acquisition, done through Khopoli Investments Ltd, a wholly-owned subsidiary of Tata Power, would give the power generator access to a part of the one billion tonne (bt) coal reserves…

China’s String of Pearls & India’s Look East

For years China has been pursuing its policy of a string of pearls; which meant having naval stations around the Indian subcontinent as a means of encircling India.  The building of a port in the Sri Lankan town of Hambantota, Gwadar in Pakistan, courting the island states of Seychelles, Maldives, Mauritius and not to mention…

India Business Updates

India Inc’s M&A bill crosses $50 billion in 07 Merger and acquisitions are set to become one of the most important trends of 2007 for India Inc, with the total deal value crossing 50-billion dollar mark with one more month still to go. According to data compiled by international consultancy major Grant Thornton, India Inc…