Ashok Leyland has signed an agreement with Nissan Motor for three joint venture companies to develop, manufacture and market LCVs, powertrains and technical development. (BS) Firstsource Solutions has acquired US-based MedAssist Holding for USD 330 mn. (BS) Bartronics India approved a proposal to issue FCCBs, GDRs and/or ADRs to raise USD 50 mn. (BS
Economic and Political Headline
TRAI, while releasing its recommendations on reforms in the telecom licensing policy, said the market share of the merged entity following a proposed M&A should not exceed 40% either in terms of subscriber base or revenue. (BS) The government said private sector cannot participate in nuclear power generation under the existing Atomic Energy Act. (BS) China´s central bank is paying close attention to changes in prices and will act if necessary to keep them in check. (ET)