Increased Foreign M&A Projected (December 27, 2006)
Investment bankers and analysts project increased merger and acquisitions (M&A) activity in the information technology (IT) space where smaller Indian companies are acquired by larger foreign players but do not rule out a large deals either.<More>

Ethiopia Declares War against Islamists (December 27, 2006)
Ethiopia formally declared war on Islamists in neighboring Somalia claiming that such dramatic step was necessary to protect its sovereignty and its warplanes bombed two Islamist-held airfields in Somalia including the one in capital Mogadishu.<More>

Pak Says N-sites Can Withstand Strike (December 27, 2006)
Marking the 130th birth anniversary of Pakistan founder Muhammad Ali Jinnah, President Pervez Musharraf asserted that his nation will continue to invest in defense capabilities and that its “nuclear and missile power” are protected even from a “nuclear attack.”<More>