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When the funding for the Tata-Corus deal was being finalised earlier this year, Citigroup was nowhere in the picture. But when Tata Steel [Get Quote] finally handed out the mandate for the takeout of the $7.1 billion bridge loan last month, it was Citigroup that bagged it. In fact, two of the...

LONDON: India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 6.2 billion pounds ($12 billion). Britain's Takeover Panel said in an e-mailed statement that after an auction Tata Steel had...

New York: A rare 1939 German race car commissioned by Adolf Hitler is expected to command the highest price ever paid for any automobile at auction, according to Christie's, which will conduct the auction in Paris in February 2007. The car, one of five remaining "Auto Union D-Types," is...

Antwerp (Belgium): The biggest diamond to be found in 13 years, the "Lesotho Promise", was sold on Monday at auction for more than $12 million and is expected to fetch in excess of $20 million once it is cut up. The 603-carat (120 gram) diamond, named after the tiny African mountain kingdom...

India seems to be on track to attracting $12 billion of foreign direct investment in 2006-07, with inflows during July touching $1.16 billion, an increase of over 255 per cent from $0.32 billion last July. During the first four-month period (April-July), inflows reached $2.9 billion, against...