The German state of Baden-Wuerttemberg has invited the Indian business community to invest there claiming it was "centrally located and fast emerging as the high-tech doorway to Europe".
German Chancellor Angela Merkel's Christian Democratic Union suffered a crushing defeat at the hands of anti-nuclear Green Party in a state it has ruled for half a century, dramatically changing the country's political landscape.
The all-cash deal is expected to close in the March 2016 quarter.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
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