Aditya Birla Nuvo, a diversified conglomerate, has notified that it has completed the acquisition of 76 per cent stake in the retail broking firm of the Apollo Hospitals Group.

The group bought 56 per cent in Apollo Sindhoori Capital Investment from the promoters and another 20 per cent through an open offer.

The acquired company is a leading player in the financial services sector with over 10 years of experience in the share broking business. The firm's principal activities are providing financial services, stock broking, commodity broking and related activities.

Subex Limited, a global provider of operations support system (OSS) solutions, has signed a reseller agreement with JSC "Company TransTeleKom'' (TTK), one of Russia's top three fixed network providers.

Under the deal, TTK and Subex would jointly provide managed services covering fraud management and revenue assurance to growing operators in Russia.

It may be noted that Nikira Fraud Management System and Moneta Revenue Assurance System, are key components of the Subex ROC - Revenue Operations Center.

Sodexho, multinational food service major, has bought a majority stake in Radhakrishna Hospitality Services for Rs 4 billion.

The company is likely to make an official declaration about the contract later in the day.

Radhakrishna Hospitality is the only organized player in Indian food service space.

In 2008, the company bought the equity stake possessed by Compass, a US-based food service firm, in a joint venture and is involved in launching its international catering services.

The company had earlier tried to incorporate financial investors but couldn't do so because of problems with prospective investors over pricing.

Brussels - Shares in fallen Belgian banking giant Fortis surged by over 40 per cent on Monday morning as investors gave an enthusiastic welcome to a sell-off deal agreed with French bank BNP Paribas over the weekend.

As markets opened, Fortis shares jumped up to 1.42 euros (1.80 dollars), 42.6 per cent above the close on Friday. They fell back during early trading to 1.20 euros, 25 per cent above Friday's close.

In a bid to drive demand in the market, second largest car manufacturer and largest car exporter in India, Hyundai Motor India (HMI) is likely to soon launch a diesel version of their new models -i10 and i20- in the market.

Speaking on this, Arvind Saxena (Senior Vice President, HMI) said, “We will launch the i20 diesel for the domestic market this year. But we are yet to finalize the engine size.”

It is learnt that the i20 diesel would be launched before the diesel version of the i10.

Mahindra and Mahindra (M&M) is all set to phase out its 2.6 litre CRDe engine, which at present powers the older Scorpio models.

The new car model is available in two variants - VLS and VLX, both priced a little over 10.50 lakhs.

The new Scorpio will now be powered by the m_Hawk engine.

At present, only the VLX model of Mahindra Scorpio is powered by the m_Hawk engine.

Apart from this, the new Scorpio would now come in a complete new look. The new Scorpio would come with cosmetic changes inside and out.