Reliance close to a deal with MTN Group
Reliance Communication is close to signing a deal with the South African telecom company MTN.
The two companies are currently locked in discussions to decide the share swap ratio.
The deal is likely to make ADAG the single-largest shareholder in MTN.
Sources say that the two companies are also discussing [...]

Lehman Brothers and Deutsche Bank to invest in Unitech
Market sources say that Lehman Brothers and Deutsche Bank are all set to announce that they are investing close to around $500 million in the real estate developer Unitech.
The two private equity players are said to be in talks with the India’s second-most valued real estate developer [...]

Alibaba wants to get rid of Yahoo ownership
Market sources claim that Alibaba is now hunting for a party which can acquire the 39 percent stake Yahoo owns in the company.
Apparently, this deal is aimed to prevent any Microsoft ownership if they succeed in merging with Yahoo in the US market.
Yahoo and Microsoft have not commented [...]

Deutsche Bank and Landmark launches a co-brand credit card
Deutsche Bank in India has announced that they are now collaborating with Landmark to launch a co-brand credit card.
This credit card would give reward points to customers for the purchases made at the stores of the book retailer.
Bank representative Shameek Bhargava said in a statement that [...]