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  • Business

Lafarge to sell stake in Indian unit for $300 mn

 French cement maker Lafarge SA is in talks with private equity and financial firms to sell a 20-25 percent stake in its India unit for about $300 million, two sources with direct knowledge of the......

2009 could be worse than Great Depression

 Increasing bond yields for companies, while the yields on government securities are falling, seem to indicate rising probability of corporate defaults in 2009. Moody's, the credit rating agency,......

Indian MNCs are shaking up the world

 Like other rural residents of southern Mississippi, Jamie Lucenberg, 35, faced a huge cleanup job last fall in the wake of Hurricane Katrina. He needed a tractor fast to clear debris and trees from......

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