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Keep politics out of economic decisions, ADB urges Bangladesh The Asian Development Bank (ADB) has urged Bangladesh to consider the economic benefits of the $ 3 billion investment proposal by India's Tata Group, instead of putting it off due to political expediency. 12 Sep 2006
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Tata's $ 3 billion Bangladesh project suspended; local media vent fury India's biggest business conglomerate, the Tata group has indefinitely suspended work on its $ 3 billion investment plan in Bangladesh because of frustrating delays by the Bangladeshi government in approving the proposal. 12 Sep 2006
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Tatas to invest $ 26 billion in 3 years India's leading business conglomerate has announced its plans of investing Rs. 120,000 crore ($ 26 billion) in the next three to five years in telecommunications, steel, chemicals, power and other industries. 05 Sep 2006
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Mittal Steel to appeal ruling in Brazil Mittal Steel Co. NV has announced that it would appeal a ruling by Brazilian regulators requiring it to make a buyout offer to shareholders of a Brazilian division of Arcelor SA, as part of a merger of the world's two largest steel makers. 06 Aug 2006
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Arcelor-Mittal's new management board announced A low profile Arcelor executive, Roland Junck has been named the new chief executive of the world's largest steelmaker, the Arcelor-Mittal steel combine. 06 Aug 2006
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Mittal not in hurry for takeovers in India Billionaire steel king, L.N. Mittal, has indicated that he is keen on acquiring steel companies in India, but hinted that he is in no hurry to do so. 22 Jul 2006
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Tata to raise steel stake, wary of bids Tata group plans to raise its stake in the country's largest private steel maker, Tata Steel Ltd., to ward off possible hostile takeover bids, the group's chairman, Ratan Tata said. 22 Jul 2006
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Tata Steel earmarks Rs. 70,000 crore capex for 10 years Tata Steel will be setting aside Rs. 70,000 crore ($ 15.5 billion) as capital expenditure (capex) over the next 10 years, the company chairman, Ratan Tata has announced. 19 Jul 2006
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Mittal may junk Jharkhand project if progress not satisfactory Billionaire steel magnate, L.N. Mittal, who recently visited India to explore investment prospects, has indicated that his company would start working from wherever things moved faster, a clear indication that he was unhappy with the progress shown by the government of Jharkhand ever since he had announced setting up a greenfield 10 million tonne steel plant in the state in October last year. 15 Jul 2006
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Luxembourg to sell most of Arcelor stake The Luxembourg government plans to sell most of its shares in the country's steel firm, Arcelor SA, to rival Mittal Steel Co., a government spokesman said. 15 Jul 2006
