Corporate Highlights

• Tata Motors, which had a 21% stake in Hispano Carrocera S. A., Spain, since 2005, has acquired the remaining 79% shares in Hispano by way of exercise of the existing call option, through mutual agreement with the other share-holder, Investalia S. A, Spain. This acquisition demonstrates Tata Motors’ ongoing commitment to Hispano Carrocera.

• Government to sell 10% stake in India's largest public sector steel company, SAIL via a follow on public offer

• Reliance Infra, a unit of Anil Dhirubhai Ambani Group (ADAG), led consortium has won the Jaipur Reengus road project in Rajasthan from National Highway Authority of India on a BOT basis for concession period of 18 years including the construction period. Project cost is 590 cr.

• Subex Q2 products EBIDTA up at 18% Vs 14%. The company target increasing product EBITDA significantly in H2. It see revenues rising in H2 from orders bagged in Q1, Q2. Subex also sees growth of Non-BT business

• Datamatics Global acquires IT & IT-enabled services division of German co

• Tech Mahindra, Aegis, Conflux bag Rs 750 Cr outsourcing order from Etisalat DB Telecom

• Prakash Ind Q2 net profit at Rs 68 Cr Vs Rs 48 Cr; net sales at Rs 377 Cr Vs Rs 474.4 Cr. EBIDTA is up on rise in steel volume by over 18%. FY10 EPS is likely to cross Rs 17. The company raised $ 50 million via FCCBs for capex in power. It will double steel capacity over next 2 years

• Tanla Solutions says the company signed deal with Nokia for 5 years. The revenues from mobile vertical to go up from Euro 20 million to Euro 125 million by 2012. The revenues are expected to be consistent QoQ post this deal. Nokia agreement covers license management and mobile payments. It will enable transactions in 160 countries