Posted AT 8:54 PM EST on 25/03/08
The rupee's rising clout
Nothing illustrates India's rise as a global economic power better than the planned acquisition of two of Britain's most prestigious auto brands by Tata Motors Ltd., part of India's biggest conglomerate.
The deal for the Jaguar and Land Rover brands now owned by Ford Motor Co. may be announced as soon as today. The price tag of more than $2-billion (U.S.) is a relative bargain.
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