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Major companies, including Ford, Tyco International and Michelin, are warming to a new way of generating revenue: suing for it.
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Indian investigators probing irregularities in a 2008 sale of mobile telecommunication licenses and airwaves questioned the chief executive of the steel-to-shipping Essar group for a second time, as they stepped up investigations into one of the country's biggest corruption cases.
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The Indian unit of German engineering company Siemens posted a better-than-expected 54% increase in its net profit for the fiscal second quarter, driven by strong performances at all its divisions.
India's third-largest technology services firm Wipro has agreed to acquire a majority stake in Brazilian hydraulic-cylinder maker RKM Equipamentos Hidraulicos. Pratik Kumar of Wipro Infrastructure Engineering outlined the rationale behind the acquisition.
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Growing competition from China is spurring German machinery makers to reassess how to preserve an edge that has made their industry a linchpin of the country's export-driven economy.
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