Hero Honda and Srei Infrastructure Finance have reportedly bought stakes from IFCI and Stock Holding Corporation of India in the National Stock Exchange (NSE) at Rs 3,500 per share, valuing the NSE at close to $4 billion.
Reliance Industries reportedly plans to invest about $22.75 million for work on its discovered deepwater Cauvery asset.
Lakshmi Mittal, chief executive of steel company Arcelor Mittal, is believed to have evinced interest in budget carrier SpiceJet, suggest reports.
Mahindra & Mahindra reportedly plans to list its newly formed two-wheeler venture on the stock markets to raise money for expansion and unlock shareholders' value.
The Indian government has reportedly rejected the proposed 35:65 joint venture of Societe Generale with State Bank of India for custodial and depoistary services, after the Reserve Bank of India raised concerns about the French major's securities scam in Europe.
The talks between the Dhoots of the Videocon group and Mahendra Nahata of Himachal Futuristic Communications to buy out the latter's 36% stake in all-India mobile licence holder Datacom Solutions have reportely failed due to valuation differences.
Datacom Solutions, the telecom services arm of the Videocon group, has reportedly short-listed IT majors, Tata Consultancy Services (TCS), Tech Mahindra and Wipro for supplying technology solutions on a revenue-sharing basis. The contract is valued at about Rs 3000 crore, spread over seven years.