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...bidders had little access to reliable financial data, and there is additional risk of class-action suits and litigation in the U.S. relating to the fraud. Other interested buyers, including IBM and India's Spice Group, withdrew because of the uncertainties. "It's a very risky bet," says New Delhi-based equities analyst Dhirendra Kumar. "The reward or penalization could match the risk." Tech Mahindra has yet to issue a comment, but Satyam has said in a statement that the deal 'signals a new stage for the company.' (See pictures of the global financial crisis...
...Institute of Animal Nutrition and Physiology (NIANP) in Bangalore, are also researching herbs. "We're studying the effect of tannin compounds from various easily-available sources like tea leaves. We're also studying prebiotic and probiotic feed supplements," says K.T. Sampath, director of NIANP. Other institutes, like the New Delhi-based Energy Research Institute (TERI), are working on methane-capture strategies. One long-running project has been biogas production - cow dung utilized to make biogas for use in kitchens, and even compressed biogas for use in vehicles. "Biogas plants have been very successful," says R.K. Rajeshwari, a fellow at TERI...
...drama with more far-reaching geopolitical consequences may be brewing in the Indian Ocean, involving two of the nations that have sent warships to fight the Somali buccaneers: longtime rivals India and China. New Delhi has had at least one ship in the Gulf of Aden since October, and late last year, with great fanfare, China deployed two warships to the same area. The ships have been active in interdicting pirates and coming to the aid of commercial ships in apparent distress - though they are not part of the U.S.-led Combined Task Force 151 (usually composed...
Already, New Delhi and Beijing seem to be focusing their naval strategies on each other. China is constructing naval stations and refueling ports around India, including in Burma, Sri Lanka and India's nemesis Pakistan; India has transformed a beautiful bay in the southern state of Karnataka into an advanced naval installation. Chinese strategic planners look jealously on the fact that India has an aircraft carrier (the recommissioned H.M.S. Hermes, purchased from the British Royal Navy and now called the I.N.S. Viraat...
With reporting by Yang Lin / Beijing, Coco Masters / Tokyo, Madhur Singh / Delhi, and Natalie Tso / Taipei