Nintendo said it was teaming up with online gaming firm DeNA to develop and operate gaming apps to boost revenue by taking iconic characters like Super Mario to mobiles.
"Tata Sons has made the necessary application to the Reserve Bank of
India, and is awaiting a response," the domestic company said, without elaborating.
SoftBank said it will become the Delhi-based online retailer's biggest investor, but officials declined to say immediately how big the stake in Snapdeal will be.