RILIndian fashion major Reliance Brands is in talks to strike up a strategic partnership with Italian firm Grotto.

The firm will buy a 50 per cent stake with management rights as part of the deal with the Italian fashion house behind the GAS jeans brand.

RainCommoditiesHyderabad-based industrial group Rain Commodities Limited agreed to buy speciality chemicals group Reutgers in a €702-million deal that would set a new record for an Indian takeover of a German-owned business.

ReddysIndia’s second-largest drugmaker by sales, Dr Reddy’s Laboratories, plans to buy Dutch drug firm OctoPlus for €27.39 million as it looks to expand its research and development segment.

tataTata Group firm India Hotels Company Limited (IHCL) has made an unsolicited $1.2-billion bid for Orient-Express Hotels.

Back in 2007, the American luxury hotels group had turned down an offer to form a strategic alliance.

united-spiritsThe world’s leading spirits firm, Diageo, is closing in on acquiring a 25 per cent stake in United Spirits Limited.

airtelIndia’s largest telecom firm, Bharti Airtel, is planning to merge its Indian and African operations as part of a major global restructuring plan.

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