Ford plans to launch 8 new vehicles in India by mid-decade and make India an export hub for its vehicles. IBM won a 10-year $3 billion deal to handle IT for Bharti Airtel's Africa operations, consolidating systems into one. Four private equity funds, including KKR, TPG, Carlyle, and Bain Capital, are competing to acquire part of Honda's stake in Hero Honda Motors valued at $1.1 billion.