U.S. Stocks Drop, Giving S&P 500 Worst Weekly Loss Since 2002; Alcoa Falls

(Bloomberg) -- U.S. stocks tumbled, giving the
Standard & Poor's 500 Index its steepest weekly drop in 4 1/2
years, after turmoil among borrowers prompted investors to flee
riskier assets.

The S&P 500 lost the most since September 2002, while the
Dow Jones Industrial Average's weekly slump was the biggest since
March 2003. Chrysler and Alliance Boots Plc failed to find buyers
for $20 billion of buyout loans, fueling concern the engine that
drove stocks to all-time highs -- a record pace of takeovers --
will sputter.


Read more at Bloomberg Stocks News

India's Grasim Q1 net up 64 pct, beats forecast

(Reuters) - Indian cement companies are running plants at full capacity
to feed the fast expanding economy and producers have pledged to
add another 100 million tonnes of capacity by 2009/10 to the
existing 177 million tonnes a year.




Grasim said this could mean a surplus in cement supply by
mid-2008/09, but expected a strong growth in demand would
mitigate the pressure from additional supply.


Read more at Reuters.com Market News

India's Tata may begin Jaguar due diligence

(Reuters) - A spokesman for Tata declined comment.




Tata and its local rival Mahindra & Mahindra Ltd. , along with U.S. buyout firms TPG and Ripplewood, were among those that have expressed interest in the marques, a person familiar with the matter said on Thursday.


Read more at Reuters.com Business News