According to Singapore-based Financial Times, the expected transaction could be worth up to $1.75 billion and the stake will be from the Munjal family, which controls Hero Honda.

The IT company will be responsible for deploying a modern facility for printing and managing BSNL customer bills and upgrade the existing systems for higher efficiency.

Besides, the information technology major also entered into a strategic partnership with Tonge for $3 million (about Rs 13 crore) to provide IT platform.

Going by the thumb rule of Rs 4,000-5,000 crore investment for one million tonne production capacity, the project is likely to entail expenditure of Rs 15,000 crore.

The licencing agreement paves the way for the Japanese company to exit Hero Honda Motors, its joint venture with the Munjals-promoted Hero Group.

BSE Training Institute has signed an MoU with Indira Gandhi National Open University to launch a two-year, full-time MBA specialisation in financial markets.

Under the MoU, the two companies would look for sourcing and roasting high-quality green coffee beans in Tata Coffee's Coorg (India) facility.

With this agreement, the public sector company would be foraying into nuclear power generation, a press release issued in Mumbai stated.

Bharti Airtel and SBI signed a Rs 100-crore JV while private bank ICICI Bank and Vodafone signed a pact to offer mobile banking services.

The US drug maker terminated its nearly two-year-old alliance with Ranbaxy to develop anti-infective medicines, which could have fetched the latter $100 mn over the years.

The pipes manufacturer had on Tuesday announced a lease agreement with the Rajasthan government to mine iron ore for 30 years from a deposit in the state.

The O P Jindal Group company inked a lease pact with the state to mine iron ore for 30 years, from a deposit containing an estimated 180 million tonnes of resources.

Amid media reports that JSW Steel and Jindal Steel & Power are in the race to buy the company's stake, shares of Ispat shot up to touch an early high of Rs 24.90.

Under the tie-up, frequent flyers on Kingfisher Airlines would be able to earn points even when they fly on British Airways flights across its network, and vice-versa.

In a move that could open the Indian markets for Chinese banks, a financial service agreement would be signed between the two countries during Jiabao's visit.

Environment Minister Jairam Ramesh admits to \"nuancing\" of the Indian position that it will not accept internationally legally binding emission cuts.

According to sources in the know of the development, the two partners have agreed that current royalty rate per model paid to Honda will remain unchanged.

Even as they are set to go their separate ways, Hero group will pay annual royalty of Rs  1,400 crore to Honda motors as the technological collaboration between the two will continue till 2014.

Japanese auto giant Honda Motor Co is expected to sell its entire 26 per cent stake in Hero Honda to its partner Munjals-promoted Hero Group and would earn USD 1.2 billion from the sale.

Meeting on the sidelines of the fifth G-20 Summit, Singh and Harper also discussed entire gamut of bilateral ties which have seen a significant development in the past years.