In its first official comment on the Corus deal since a rival bid came up, Tata Steel said on Tuesday that its offer for buying out the Anglo-Dutch steelmaker remains valid in spite of a counter bid from Brazil's CSN.
Corus postpones EGM and court meeting over Tata Steel's takeover bid to December 20 from December 4 to give more time to CSN.
The stage appears set for a battle royale between Indian corporate giant Tata Steel and Brazil's CSN for acquisition of Anglo-Dutch steel maker Corus, with both the suitors reportedly willing to raise their bids.
Bankers familiar with the development said CSN, which announced on Friday that it might trump a 455-pence-a-share offer from Tata with a bid worth 475 pence, was prepared to offer "much more" for Corus if needed.
The Tata Steel board will meet shortly to take stock of the situation arising out of Brazilian steel-maker Companhia Siderurgica Nacional's move
The acquisition of Anglo-Dutch steel company Corus by Tata Steel is expected to be completed by middle of January 2007.
Tata Steel was prepared to make a hostile bid of £4.2 billion (nearly $7.79 billion) if its favoured option of a friendly merger was rejected, the UK newspaper reported.
The NDA will raise its apprehensions in both Houses about the possibility of Shibu Soren government nominating an Anglo-Indian before the March 15 trial of strength in the Jharkhand Assembly, BJP deputy leader in Rajya Sabha Sushma Swaraj said.
'Indian apathy towards our historical heritage is indeed amazing,' says military historian Colonel Anil A Athale (retd).
The steel-maker will now have to pay 50 basis points more on this tranche of $1 billion with a seven-year tenure.
Final bid expected to be placed in a fortnight.
The group stage Asian Cup exit turning out to be one bitter pill that he found too hard to swallow.
In a hearing on the case held on September 30, a bench had set October 4 as the deadline for producing the kidnapped before it.
The chairman asked Swamy to produce documents he quoted from in the AgustaWestland debate after Congress leader Jairam Ramesh raised the issue.
The Indian football team's Anglo-Cypriot coach said the team did not do well in only two or three of the 23 matches it played under him.
The NDA, led by the BJP, has 5,37,683 votes includes the Shiv Sena, and the shortage is around 12,000 votes.
After India scrapped its Rs 3,600 crore deal for supplying VVIP choppers, Anglo-Italian firm AgustaWestland on Friday said that the contract termination notice sent to it does not offer any firm basis for taking any action against it.
Hind Lever Chemicals is considering merging with Tata Chemicals Ltd, the Bombay Stock Exchange said on Wednesday.
India have been clubbed in Group A along with Pakistan, Sri Lanka and Afghanistan for the 11-day tournament in Dhaka.
