Moody's to pick up 11% stake in Icra for Rs 6 cr
Global credit-rating agency Moody's Investors Service will pick up an 11 per cent stake in Investment Information & Credit Rating Agency (Icra) for Rs 6 crore. Moody's will be allotted 10 lakh shares of Rs 10 each at a premium of Rs 50.

Leela group drops five-star hotel plan
Hotel Leelaventure has dropped its plan to develop the 450-room five-star super-deluxe hotel, Leela Palace, adjacent to the Leela Kempinski at Andheri in Mumbai.

Tata Consultancy likely to offer decision-support solutions
Tata Consultancy Services (TCS), a leading transnational information technology and business consultant, will offer decision support solutions (DSS) in the domestic market for sustainable competitive advantage.

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