Europe’s biggest carmaker, Volkswagen, will soon takeover Porsche after the Porsche CEO, Wendelin Wiedeking, resigned from his position on Thursday. The takeover deal is supposed to be worth $11.3 Billion.

The surprising aspect in this deal is that for the past few years, it was Porsche who was steadily and strongly increasing its efforts to takeover Volkswagen even with Volkswagen being 16 times the size of Porsche. continue

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This is a strat.in ‘Runup to the Budget 2009′ series. Every day from now, till Monday, readers can find a finance related article uploaded at 5 pm IST . The articles will be unconventional, innovative and present a refreshing perspective. This is the first article in that series: With this article, we also welcome our new strater who wrote to us on the Write a post page, Amit Namjoshi, from Pune university. He is currently a Design Architect at Tech Mahindra. continue

(This post is contributed by another guest strater who wrote to us on contribute@strat.in . The author is an IIMC alumnus currently working in the US. The post is a strat.in SPECIAL about the measures taken by the US government to tackle the recession.) continue

Of late, the world seems to have been carried away by the ‘green shoots’ appearing worldwide especially in America (thanks to President Obama) – ‘healthy’ bank profits and rising consumer spending in the US, the positive effect of the Chinese stimulus package, surging demand for industrial commodities and oil, a resumption of global trade (as seen in the recent spurt in the Baltic Dry Index), etc. And the latest in the Indian context, the suddenly ‘intelligent’ Indian voter returning the Congress to power with a veritable ‘sweep’. continue