End of the Indian Outbound Story? ; the Global Credit Crunch has Sent Yesterday's Outbound Heroes Scurrying for Funds to Close Their Billion-Dollar M&a Transactions. India Inc.'S Cross-Border Action has Ebbed, for Now.

Summary

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October 2006: Tata Steel offers to buy British steelmaker Corus Group for $8.1 billion.

November 2006: Brazilian rival CSN makes a counter bid of $8.4 billion.

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End of the Indian Outbound Story? ; the Global Credit Crunch has Sent Yesterday's Outbound Heroes Scurrying for Funds to Close Their Billion-Dollar M&a Transactions. India Inc.'S Cross-Border Action has Ebbed, for Now.

January 2007: Tata Steel outbids CSN and bags Corus for $11.3 billion.

February 2007: Suzlon Energy makes a $1.33 billion counter bid for Germany-based REpower Systems AG. Areva T & D of France increases its initial bid by bettering Suzlon's initial bid. April 2007: Suzlon ups its bid, allowing it to get control of REpower for around $1.55 billion.

September 2008: Infosys makes a bid for acquiring consulting major Axon of the UK for $748 million. Days later, domestic rival HCL Technologies gets into the fray with a counter offer that's 8 per cent higher. Days later, Infosys backs out from the race for Axon.

May 2008: Vedanta...

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