investors were still finding value in the market even as indexes closed in on all-time highs.
INDIAN STOCKS TO WATCH
* Finance minister P. Chidambaram may stick to the initial budget estimates of fiscal deficit at 5.1% for 2012/14 from the revised target of 5.3 percent, a top official said.
* Data analytics company Mu Sigma has raised money from a unit of MasterCard Inc, The Economic Times reported citing founder Dhiraj Rajaram, in a deal that values it at more than $1 billion (54 billion rupees).
* The government is considering capping its subsidy on diesel at 6 rupees per litre in 2013-14 to insulate itself from volatility in global crude oil prices, said a government official privy to the development.
* Reliance Industries Ltd and BP plan joint investment of more than $5 billion over the next three to five years to boost declining output at a key natural gas field off India's east coast.
* The Children's Investment Fund said Coal India Ltd directors are in breach of fiduciary duties by hoarding an "absurd" amount of cash. INFRASTRUCTURE
* Binani Industries Ltd is in talks with potential financial investors and state-owned funds in the Middle East to sell up to 40 percent stake in its subsidiary Binani Cement as it seeks to raise capital to cut debt and expand cement capacities, said two persons familiar with the transaction.
* Lanco Infratech Ltd has reached out to its Malaysian partner, Genting, to sell stakes in three of the Indian power generator's power plants.
* Tata Motors Ltd has halved production at its Jamshedpur plant and is reviewing its expansion plans as slowing economic growth has crimped demand for its medium and heavy commercial vehicles, said Ravi Pisharody, executive director of the commercial vehicles business unit.
* Budget fashion chain Hennes & Mauritz is applying to open stores in India, joining a rush of international retailers looking to expand in Asia's third-biggest economy on the back of government liberalisation measures.
* Chennai-based consumer goods firm CavinKare is in talks with private equity firms Everstone Capital and