Chrysler LLC is preparing to file for Chapter 11 bankruptcy protection as soon as next week, whether or not it reaches a deal with its lenders or forges an alliance with Fiat SpA, said several people familiar with the matter. If an agreement with the car maker’s lenders can be reached, Chrysler would file...
Business
Tech Mahindra emerged as highest Satyam bidder
In a move Mahindra Group Vice-Chairman Anand Mahindra termed a “game changer”, Tech Mahindra emerged the highest bidder for Satyam. If it goes through, the deal will give Tech Mahindra a seat at the high table of the Indian IT services business. It will also mark the end of the uncertainty surrounding Satyam, though...
Tata Steel to start production in SA next year
World’s sixth largest steel producer Tata Steel said it will begin production at Sedibang mine in South Africa from next year. “A small iron ore mine at Sedibang in South Africa will begin production next year. We would get two million tonnes per annum,” Tata Steel managing director B Muthuraman said. The company is...
