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BRICs nations shift in growth pattern

Posted by Dave
July 13, 2008

Image via Wikipedia
The Economic Times
The Asian tigers have lost their allure. And while growth in both China and India is still expected to be among the highest in the world, the sharp decline in their stock markets — China has fallen a whopping 41% since December 2007 with India a close second at 38% — [...]

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Vedanta deal in US shows growing reach of Indian cos

Posted by Dave
June 2, 2008

via livemint
Highlighting the growing global clout of companies from emerging markets, India’s Vedanta Resources Plc. reached a $2.6 billion (around Rs11,000 crore) deal to purchase the assets of a bankrupt US copper miner, Asarco Llc.
The deal would be one of the largest foreign purchases ever by an Indian company. The Mumbai-based metals conglomerate outbid three [...]