2. IBM to handle IT for Bharti Airtel's Africa operations The 10-year deal will involve IBM consolidating Airtel’s IT operations in Africa into one integrated system. The US firm also handles Bharti’s information technology requirements in India, Sri Lanka and Bangladesh under a 2004 deal, which is estimated to worth at least $3 billion. Bharti Airtel had invited bids for the deal in April-end, suggesting it is looking for a better deal than the one offered by IBM in India.
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5. Four funds eye Honda's stake in Hero Honda Motors KKR & Co, TPG Capital, Carlyle Group and Bain Capital LLC are competing to acquire a part of Honda Motor Co's stake in India's biggest motorcycle maker, Hero Honda Motors. Two of the funds may jointly buy about 15 percent, valued at $1.1 billion in Hero Honda. Another 5 percent may be sold to the Munjal family, founders of the Hero group, the report said, citing two unidentified people. Honda
6. Hyundai eyes its second electric car in 2011 It would launch its second pure electric car next year based on a small sports utility vehicle made by its affiliate Kia Motors. Plan to produce 2,000 electric vehicles based on Kia's upcoming cross utility vehicles (CUVs).
7. Kishore Biyani joins New York Fashion Advisory Board Future Group is a leading player in India's fashion industry doing a business of Rs 3,500 crore across brands every year. NYCEDC aims to develop the city's major business sectors by implementing policy and initiatives that address current issues faced by each industry, create jobs, and promote entrepreneurship and economic diversification.
