US private equity firm Blackstone Group LP and Indian developer Panchshil Realty are close to buying a majority stake in an office tower in Mumbai for about Rs 900 crore (Rs 9 billion), two sources with direct knowledge of the matter said.
HP's 60.5 per cent stake is valued at $1 billion.
Media giant AOL, along with some private equity firms, is 'exploring' making an offer to buy Yahoo Inc, as the Internet company deals with poor financial performance and an exodus of senior executives, a media report said.
Buying Yahoo's assets would expand DailyMail.com's reach and improve its digital ad rev
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
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