NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.

Su-Kam Power Systems had agreed to expand into other businesses. Su-Kam Power Systems, an energy solutions provider, had sought the approval of its investors namely Reliance Group and Temasek Holding on expanding its solar business unit.

JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.

Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.

China's State Council would be reviewing the laws and regulations regarding foreign investments in the country.

The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.

Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.

China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.

China’s National Development and Reform Commission or NDRC planned to examine big industries such as petroleum, banking, auto and telecommunications as part of its ongoing investigations on anti-trust violations in the country.

Cheraman Financial Services announced today a proposed plan of funding different infrastructure projects in Kerala.