Tata Tea plans 62 mn pounds SPV for Tetley takeover
Tea firm Tata Tea Ltd will invest about -- 62 million (around Rs 430.7 crore) in the capital of an offshore special purpose vehicle it is setting up for the proposed acquisition of Britain's Tetley.



Reliance, Hindujas bid for Hyderabad airport project
Eight groups have submitted preliminary bids for the construction of an international airport in Hyderabad, the capital of southern Indian state of Andhra Pradesh, a state Minister said.



Fiscal deficit hinders India rating upgrade
India's high fiscal deficit was proving to be an obstacle in obtaining a sovereign rating upgrade, the head of Credit Rating Information Services of India (Crisil) said on Tuesday.



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