1.Cairn India bought by Vedanta for $9.6 billion(60% stake).Vedanta is an out and out mining company so the decision to enter into energy sector has not gone down well with the minority shareholders.
2. Mahindra and Mahindra have emerged as the preffered bidder for torubled South Korean vehicle manufacturer Ssangyong Motor at $400 milllion.mahindra stock has taken a beating since it started pursuing the fourth largest automobile manufacturer in South Korea which already has a huge debt.
3.Oracle filed a complaint in a Northern California federal court accusing Google of deliberately infringing various Java-related patents and copyrights that Oracle acquired with its purchase of Sun Microsystems. The suit asserts seven patents, claiming infringement by Android, including Android's Dalvik virtual machine and the Android software development kit.
4.Wikileaks came under intense criticism when it published first 77,000 records(military records) of american military information related to Afghan war.Remaining 15,000 records are part of a massive cache of some 92,000 records related to Afghan war that came into Wikileaks' possession, most likely as a result of US Army intelligence specialist Bradley Manning, who has been charged with leaking secret US documents including video showing an Apache helicopter firing on unarmed people on a Baghdad street.Officials have said remaining documents could be even "more explosive".
(WikiLeaks or Wikileaks is an international organization that publishes anonymous submissions and leaks of otherwise unavailable documents while preserving the anonymity of sources. Its website, launched in 2006, is run by The Sunshine Press.)
NOTE: a nice link to view events in a week: http://headlinesindia.mapsofindia.com/musings/index.html
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