BSE Sensex rise 50 points on hopes of better IIP data
Russia's Sistema and Malaysia's Maxis Group have shelved talks for a possible buyout of Indian telecom operator Aircel after inconclusive negotiation on price and a recently failed government auction of airwaves, The Economic Times reported citing two people close to the deal.
Nielsen Holdings NV increased the size of its contract with Tata Consultancy Services Ltd to $2.5 billion from $1 billion.
DRUGS / HEALTH CARE
Private equity firm Apax Partners LLP sold half its stake in Apollo Hospitals Enterprise Ltd to Oppenheimer Funds Inc for about 5.23 billion rupees ($97 million). Piramal Enterprises Ltd said October-December net profit surged to 610.7 million rupees from 85.2 million rupees a year earlier.
RETAIL / LEISURE
Securities and Exchange Board of India has allowed Diageo Plc more time to begin buying shares of United Spirits Ltd from public shareholders, JM Financial, which is managing the open offer for Diageo, said in a filing with the BSE on Monday.
Indian Hotels Co's board will decide whether to proceed with a bid for Orient-Express Hotels in the current fiscal year ending March, a top company executive said on Monday.
Endemol India and Eros International Media Ltd have agreed on a joint venture in which the two companies will equally share investments and revenues, Deepak Dhar, managing director and CEO of Endemol India, said.
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