It has been reported that the automotive and infrastructure Company Mahindra and Mahindra, would now produce aircraft parts.

The Company has decided to invest a whopping amount of Rs. 250 crore in the project. The Company Spokesperson said that there were very rare chances of any problem to come in their way.

The Company’s financial position is strong enough to face any kind of crisis. They will spend Rs. 150 crore in the manufacturing sector and another Rs. 100 crore in assembling the parts.

The insurer, Resolution is all set to move and seek investors to pump in a £2.8bn for the bid in favor of the UK life and pensions operations of French Axa. Clive Cowdery, the entrepreneur who bought the Friends Provident for £1.9bn in previous year, is all set for this a second deal.

While the banking industry overall is set for a consolidation drive, the talks of Karnataka Bank being acquired are taking a lot more time than expected before they die down.

It was just before that the news of Axis Bank being interested in acquiring Karnataka Bank, the recent news reports claim that Kotak Mahindra is also eying Karnataka Bank to generate the future growth for the company.

Videocon Telecommunications has planned to sell 26% of its stake to Korea's Telecom Company, Sun Kyung (SK). It has also started discussions with S K Telecom. This is Videocon’s latest attempt to bring a foreign partner for its mobile phone service, which is totally a new participant in the market’s telecom activity.

The company is looking forward to get Rs 3,600 crore from this deal. Earlier it was estimated that the company can get over Rs 13,000. This has been informed by one of its executive.

Recently the Sun TV Promoter Kalanithi Maran, has acquired 37.75% in the low-cost carrier SpiceJet at Rs 47.25 per share which comes around a approximate value of Rs 750 crore. According to the deal, the aviation company shall take on to acquire the stake from its promoters Wilber Ross and Bhupendra Kansagara.

Further Maran has decided to throng an open offer of 20% at around Rs 57 per share. The open offer is expected to be made on Monday.

Leading construction firm of the country, Hindustan Construction Company (HCC) has announced that it is going to divest its stake. It has informed that it has decided to divest 74% of its stake in various other projects.

'247Park' is the project in which the company is currently focusing. The project is at Mumbai and it is said to a new age business destination for the company. The company has divested stake to IL&FS Milestone Fund.

Leading IT firm of the country, Wipro Ltd. has signed an outsourcing contract with the leading automobile and parts distribution specialist TV Sundram Iyengar & Sons.

The total outsourcing contract is for 10 years. Both the companies have announced this fact in separate statements. As per the officials of the company, the basic aim of this partnership is to leverage the utility of Information Technology in several organizations.

TVS & Sons has informed that the deal will help to provide business efficiency for all business units and functional areas of the company.

Apollo, the private equity firm has decided to meet its advisors this weekend to discuss the inclination in its £785m offer for Brit Insurance.

This US buy-out house has already jumped into the tested waters for the direct negotiations with Brit's shareholders after its £10-a-share bid was rejected earlier this week.

The shares in the Lloyd's of London insurer, roused by 20pc to 880p after Brit claimed the Apollo's offer significantly undervalued by the group.

Engineering major Larsen & Toubro has announced that it has received orders worth Rs 747 crore for this financial year.

These orders are from Coal India, Hindalco Industries and Indiabulls Power for various construction related works in the country. This has been informed by one of the top officials of the company. He has informed that the construction division of the company has received the first order from Coal India.

Chennai-based drug company, Orchid Chemicals has said that it is going to buy a US pharmacy company, Karalex Pharma LLC. The agreement between the two companies has already been signed and that the deal is going to be all-cash in nature.

No details, however, about the total money involved in the deal, was given. The formalities are expected to get over by the end of this month. But it is still subject to customary closing conditions.

Bank of America (BoA) has sold off its 25 per cent stake in its Mexican subsidiary, Banco Santander SA. For it, the bank got $2.5 billion,

The all-cash sale done by BoA was done so that it is able to shrug off the non-core assets and also save itself from an international regulation. As per this regulation, the banks which have minority stakes in other institutions, should exit them.

And experts believe that this regulation may be a precursor to many more international sellings in the future.

Soon after Sunil Bharti Mittal signed his deal with the African telco Zain, Bharti became the fifth largest telecom giant across the globe.

In a recently held event, the company announced the sealing of the dealing with Zain and the deal worth the $9 billion has given a total base of 180 million customers in 18 countries and annual revenue of $12.4 billion to the telecom giant.

While the company has taken its own time in studying the Indian market but the alliance of Renault-Nissan is now very much serious about its success in the Indian market and hence is turning on the Heat.

In fact, as it is closing in to the date of the launch of its small car i. e. Nissan Micra, the company has also announced that it will raise its production capacity to 400,000 units production year or so ahead of schedule.

It's been more than sixty years that the Munjals have entered into the Indian business circuit and the Family has been able to make its presence felt by creating the world's largest two-wheeler maker by volumes, Hero Honda.

Notably, the family always carried an advantage of doing things differently and the Group has focused on the same approach in the case of slicing their big family cake.