Assocham said that investments have dropped in India in a report released today. Assocham, one of India's associations of chambers of industry and commerce reported today that direct investments in the country are looking at a bleak future.

YES Bank is close to securing additional capital funds. YES Bank in a plan to raise around US$500 million would be selling close to 10% equity to two separate private equity investor groups.

Aptech Limited revealed plans to expand through its career education system. Aptech Limited, a Mumbai-based education company, has opened itself to acquisition opportunities that are in line with career education, to which it now focuses on, according to Ninad Karpe, CEO and managing director of Aptech Limited.

Citigroup's private equity firm, Citi Venture Capital International would buy India's Sansera Engineering for US$56 million.

Retail Holdings wanted an IPO up to US$200 million for Singer Asia. Retail Holdings NV was reported to seek up to US$200 million in an upcoming initial public offering of Singer Asia Ltd, said three anonymous sources.

Indian investments in the US have surpassed a record of US$11 billion according to a study by the US India Business Council.

The central bank of India announced its concern following the fast growing currency derivatives trading in the last three years.

Standard Chartered organized this year's annual conference held in India by bringing African chairmen.

The Indian state of Punjab announced its open post for consultants. In accordance to a recent announcement by the Punjab government regarding industrial policy, new measures were being formalized to create land bank for the industry.

The Reserve Bank of India announced new guidelines regarding the 'ownership' and 'control' of FDIs in the country.