America’s $93 billion pipeline of generic pharmaceuticals often starts in places like Toansa, a village in northern India where a drug-making facility rises up beside mustard fields and manure-flecked ox-cart tracks.
Abu Dhabi National Energy Co. and partners will pay $1.6 billion in cash and assumed debt to buy two hydroelectric power plants in India from Jaiprakash Power Ventures Ltd. in a deal expected to close this year.
India’s worst power-grid failure in a decade exposed the urgency behind Prime Minister Manmohan Singh’s bid to attract $400 billion in investment and ease an electricity deficit that is holding back economic growth.
Lanco Infratech Ltd., India’s second- biggest private power producer, is considering selling its Australian unit Griffin Coal Mining Co. to help repay debt, three people with knowledge of the matter said.
India Cements Ltd., which owns the Chennai Super Kings cricket team, says its association with the nation’s favorite sport is helping drive sales of the building material as it expands across the country.
Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing at least 138 people and leaving hundreds missing.
Indian leaders often warn that they need to shift the majority of their country’s population -- almost 70 percent -- from rural to urban areas. “Our salvation,” Prime Minister Manmohan Singh claims, “lies in moving people out of agriculture.” Finance Minister P. Chidambaram confirms, “My vision is to get 85 percent of India into cities.”