Muthuraman, managing director of Tata Steel, and Varin, CEO of Corus Group, talk to each in Mumbai
B Muthuraman (R), managing director of Tata Steel, and Philippe Varin, chief executive of Corus Group, talk to each other during a news conference to announce the annual financial results of Tata Steel in Mumbai June 26, 2008. Tata Steel, the world's sixth-largest steelmaker, on Thursday reported a tripling in consolidated net profit for the 2007/08 financial year largely due to its purchase of Corus Group. Tata Steel, which completed a $13 billion deal to buy Corus in April 2007 in India's biggest foreign takeover, said consolidated net profit rose to 123.22 billion rupees ($2.9 billion) for the year to March 31 from 41.66 billion in 2006/07, which did not include Corus. REUTERS/Arko Datta (INDIA)