Latest Piaggio Aero Stories

2008-10-02 06:00:27

Tata Group, the Indian conglomerate, has acquired a one-third stake in the Italian aircraft company Piaggio Aero Industries, the Italian company said, without providing financial details of the transaction. The purchase makes Tata one of the main shareholders, alongside the Ferrari and Di Mase families and Mubadala Development, of Abu Dhabi. The Tata investment consists of buying existing shares and participating in a new capital subscription, Piaggio Aero said. Tata will have three of the...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.