The UK-based Caparo group has four running plants in India with a total turnover of Rs 250 crore (Rs 2.5 billion) at present. The group is targeting a turnover of Rs 1,000 crore (Rs 10 billion) by 2008.
The deal did not include the FT Group's 50 per cent stake in The Economist magazine.
Mystery surrounds the sudden departure of Pakistan's banned Test leg-spinner, Danish Kaneria and his family to India although his brother claims they have gone to perform some religious rituals. Kaneria, his wife, children and his mother flew out to India on Sunday night and are presently said to be in Kochi but speculations are rampant that the banned player might have gone to India to seek a livelihood and settle down there. "My family is in India to perform some religious rituals which will take around 10-days. Our return dates are not confirmed as yet," Kaneria told a television channel from India. His brother, Vicky Kaneria, who is in Karachi and employed with an oil campany also insisted it was a personal trip for religious purposes. But he was unwilling to speak further on the issue. Speculations have been rife over the real purpose of the visit to India as Danish Kaneria had earlier this year reportedly said he would have got more justice in India being a Hindu by faith.
The best camera is the one you have in your pocket. Ever since the release of the first iPhone, the iPhone Photography Awards, now in its 11th year, highlights the best of the best. This year's winners were selected from thousands of entries and from photographers in 140 countries. The winning image, taken by Jashish Salam of Bangladesh and titled "Displaced," shows a crowded refugee camp with Rohingya children watching a film about sanitation. Other awards included prizes for photographer of the year and 18 other categories like Nature, Children and Travel. Check out the winning images.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Former England captain David Beckham was officially awarded a Major League Soccer (MLS) franchise in Miami on Monday with hopes that the team will begin playing in 2020.
The employees have alleged that Mallya, who has been giving them false promises, has been able go away scot free by eliciting "political favours".
A New York appeals court has upheld the dismissal of a $650 million lawsuit against Formula One boss Bernie Ecclestone, saying he cannot be sued in the state's courts over the sale of a major stake in the motor racing business.
Rajneesgh Gupta salutes Captain Cool.
All the action from around the world last week, in case you missed it.
Pakistan's former captain and discarded all-rounder Shoaib Malik has said he made a mistake in his career to accept the captaincy of the national team after the 2007 World Cup.
Accommodative monetary policy has driven a bull market in stocks in recent years, but the Bank of England is expected to raise interest rates early next year and the U.S. Federal Reserve not long after, tempering future gains.
India lost 0-1 to Spain, while South Korea thrashed England 5-1 on the opening day of the Rabo Bank eight-nation hockey tournament
NFL players, owners defy Trump on anthem protests as feud ramps up
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
These images from across the globe show that it is a crazy world out there.
The ongoing tour by India is set to trigger a financial windfall for New Zealand Cricket as it will earn the body more than $ 35 million in broadcast rights, making it the biggest money-spinner in any sport.
The South Asia Tribune said, 'In the midst of the free flow of dollars before the 9/11 attacks, any one and everyone could have used these funds, including the infamous Al-Qaeda...'
Working on the rigorous requirements of five-day cricket will the biggest challenge for his team over the next six weeks, feels Afghanistan coach Phil Simmons
'We understand where we want to go and hopefully the guys can keep putting this kind of effort and take the team where it belongs' 'As a captain, I feel it's a complete series for us. Everyone contributed at different times, especially the lower-order's contribution is something that stands out for me in this series'
'Imran and his government have obviously agreed to be subservient to the military establishment.' 'How can we expect him to take a stand on anything?'
Even on paper, there is not much to choose, especially with Pune beating MI thrice this season including a comprehensive victory in Qualifier 1. But a impressive show by Mumbai in the final cannot be ruled out.
The loss left Indian cricket fans dejected as the host team's talisman thus far, Virat Kohli, was smashed for runs in the final over of the Windies innings.
Gujarat's 26-year-old opening batsman Samit Gohel on Tuesday broke a 117-year-old record in first-class cricket by notching up the highest score while carrying his bat through the innings of 359 not out during his team's Ranji Trophy quarter-final against Odisha. While Hanif Mohammed's epic 499 remains the highest score by an opener in first-class cricket, no one has scored more than Gohel while remaining not out in his team's score of 641.
'It is easy to criticise the fast bowlers, but do they have the support they need to grow as bowlers? No!'
The Supreme Court of India became "lions under the throne" when Jawaharlal Nehru brought in the fourth amendment in 1955, says T C A Srinivasa Raghavan.
'When cricketers, coaches, captains, managers, franchise owners focus on the prize, they forget the process.' 'You can't win every game. Getting better is all about making mistakes.'
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The England opener insists he is back to his best after a woeful Ashes winter.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
'For him to live the life that he is living and still keep up with such a performance, full credit to him'
News of all that's transpired on and off the football field
The Lions from South Africa will look ride on the performance of their captain Alviro Petersen to guide them to a better finish.
A round-up of our favourite photographs of the week gone by.
Manchester City are about to find out whether Raheem Sterling has the ability to justify his enormous price tag or is just another over-rated young English footballer motivated purely by his bank balance.
How much do you know about Shah Jahan, Mumtaz Mahal and the Taj Mahal?
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Former India cricketer and the national team director, Ravi Shastri said it would be his endeavour to get left-handed batsman Suresh Raina back in the Test side in Mumbai on Monday.
