Indian Shares

Vodafone is reported to be facing competition in its bid for he Hutchison Whampoa from Indian conglomerate Essar, which has 33% of Hutchison Whampoa Mobile Phone business. Unlike Vodophone Essar is not affected by the 74% limit on foreign ownership of Indian mobile phone providers.

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Vodafone has said it is considering a bid for a majority stake in Hutchison Whampoa's Indian mobile phone business.  Vodafone which already owns 10% of Bharti Airtel, the market leader in India and sees the mobile market in India as having great potential, more so than in Europe. However foreign firms are limited to owning 74% of Indian mobile phone providers.

"India will soon have a dedicated global facility to convert passenger airplanes to cargo planes, with state-run aerospace major Hindustan Aeronautics Limited (HAL) planning a full fledged conversion centre for Boeing aircraft. This proposed facility will cater to the requirements of the international market as well as domestic demands"

Source: Business Standard India

With the Indian economy growing at staggering pace and more and more goods need importing and exporting.