Tata Tea to acquire Tetley for £270 million in all-cash deal
Ratan Tata's dream of making his Rs 33,000-crore conglomerate a true Indian transnational has moved a step closer towards reality.

IPCL selloff will test Centre's resolve to reform state-run units
The sale of 25 per cent of the Government's equity in state-run Indian Petrochemicals Corp (IPCL) to a strategic investor is a litmus test of India's resolve to reform state-run firms, analysts say.

Airbus Industrie bags its board nod to test demand for planned superjumbo
Airbus industrie's board gave the European planemaker the green light to test airline demand for its planned superjumbo aircraft, with a view to delivering the first 550-650 seater by 2005.


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