Reliance Big Entertainment has bought majority stakes in Willow TV. Reliance Big Entertainment is a media and entertainment branch of the Anil Dhirubhai Ambani Group (ADAG), while Willow TV is the largest portal provider for cricketing actions in the world. The financial details for the acquisition are not disclosed by the companies.
 
The president of Reliance Big, Rajesh Sawhney explained the company’s plans for future investment in cricket portal. He disclosed that the company would invest Rs 300 crore for the portal.

The company is also planning to widen the coverage of Willow TV from net to mobile and TV. The company is a known name in film distribution in US.

Private equity (PE) player Kohlberg Kravis Roberts & Co (KKR) is keen to buy stake in Tech Mahindra. The stakes are currently with the UK telecom major British Telecom’s (BT).

India’s public sector company, Bharat Heavy Electricals is planning to invest INR 1,400 crore to increase its power equipment capacity. It would build a manufacturing facility for castings and forgings as per its planning.

The state run company has already formed a joint venture with Heavy Engineering Corporation to meet technical needs. The CMD of BHEL; Mr K Ravi Kumar explained the planes of company for the next fiscal.

Bennett Coleman & Co Ltd. (BCCL), media conglomerate and the publisher of English daily ‘Times of India’, has picked 26% stake in Manhattan Communications (India) Pvt.