Tata Group

Tata Steel said Wednesday that its $11.3-billion offer to acquire European steelmaker Corus is strategic to its global ambitions, even as the winning bid raised concerns that the deal's high cost could undermine the combined company's financial health. Mumbai-based Tata Steel outbid Brazilian rival Companhia Siderurgica Nacional in what would be the biggest-ever acquisition by an Indian company.

To many labor unions and high-tech workers, the Indian giant Tata Consultancy Services is a serious threat -- a company that has helped move U.S. jobs to India while sending thousands of foreign workers on temporary visas to the United States. So when Sen. Hillary Rodham Clinton (D-N.Y.) came to this struggling city to announce some good news, her choice of partners was something of a surprise.

new delhi -- For this former British colony, an Indian takeover of Jaguar and Land Rover would be a boost to local pride and a sign of India's economic rise. But many investors and automotive industry analysts question whether a bid by India's Tata Motors -- maker of workhorse trucks and low-end mass-market cars -- for the two luxury brands would make much business sense.

Ford Motor Co. may choose India's Tata Motors as the preferred bidder for its Britain-based Jaguar and Land Rover brands, a person familiar with the deliberations said Monday. The selection would allow Ford to negotiate exclusively with Tata before reaching a final agreement. Mahindra & Mahindra, another Indian manufacturer, and JPMorgan Chase & Co.'s One Equity Partners buyout unit have also been candidates, people familiar with the bidding said in September. Dearborn, Mich.

An Indian employee of an information technology consulting company filed a lawsuit Tuesday alleging that he and other foreign workers were required to hand over their tax refunds to their employers. Starting when he came to the United States from India in 2000, Gopi Vedachalam was ordered to sign over federal and state tax refunds totaling about $25,000 to his employer, Tata America International Corp., according to the suit filed in San Francisco federal court.

Corus Group agreed to a cash offer of 4.3 billion pounds ($8 billion) on Friday from India's Tata Steel in a deal that would create the world's fifth-largest steelmaker. The deal, which would be India's largest foreign takeover, extends the industry's recent wave of consolidation, coming on the heels of Mittal Steel Co.'s $34-billion takeover of Arcelor this year.

Mission Energy Co. said Monday it has signed an agreement with Tata Group, India's largest private-sector group of companies, to become a joint-venture partner in construction of a $400-million power plant. The agreement between Tata and Mission, a subsidiary of SCE Corp., is for the 300-megawatt, coal-fired Jojobera Power Station in Jamshedpur, India. The first unit of the station is already under construction. The power plant is being built to supply electricity to Tata Iron and Steel Co.