Promoters of Patni Computer Systems are reportedly studying offers from various companies. A clear decision on bids from various contenders for the promoter holdings was expected by January 2010. The three Patni brothers hold equal stakes totalling 48.3% in the software exporter. Private equity company General Atlantic holds 18%, while the rest is public.

Mahindra and Mahindra (M&M) reportedly plans to launch a motorcycle next year. The company is also looking at acquisitions in the electronic scooter space. The auto major had entered the two-wheeler market market by acquiring the assets of Pune-based scooter manufacturer Kinetic Motor in 2008.

Morgan Stanley, the sole book-running lead manager to the Indiabulls Power's recent IPO, has reportedly acquired 21 lakh shares for Rs 7.2 crore, as the shares continue to trade below issue price.

Steel maker Ispat Industries reportedly plans to invest Rs 1700 crore to set up a coke oven plant and an iron ore pellet project.

The board of GVK Power and Infrastructure has approved acquiring 4.06 crore shares, or 12% paid up equity share capital of Bangalore International Airport (BIAL) at Rs 484 crore from Flughafen Zuerich AG through GVK Airport Developers.

Axis Bank has dropped its home loan rates to 8% for the first year. Special home loan scheme available till 10 December 2009.

Bank of Rajasthan (BoR), one of the private sector banks has reduced interest rates on home loan under 'Apna Ghar Scheme' with effect from 9 November 2009.

The world's largest chip maker, Intel, is reportedly preparing to bid for technology joint venture partnership with ailing state-run telecom equipment maker, ITI, including Worldwide Interoperability for Microwave Access (WiMAX). Huawei, Alcatel-Lucent, Samsung and Hitachi are also reported to have shown interest.