South Africa with its diminutive size has more bang for the buck. Since South Africa's inclusion into the BRIC grouping of major emerging countries, there has been a deafening silence in its ascenscion from the global invesment community.

In compliance with current regulations, Novartis AG is selling of a part of its shareholdings in Novartis India.

Cipla Ltd offers to take over Cipla Medpro South Africa. Two Ciplas from two continents would merge into one. Indian pharmaceutical company Cipla Ltd increased its offer by 17% to fully acquire South African drug company Cipla Medpro South Africa Ltd.

Etihad nearing deal for stake in India's Jet Airways. For the price of US$70 million, Abu Dhabi's Etihad Airways purchased Jet Airway's slots at Heathrow Airport in London.

Orbimed expands into Indian healthcare industry. Orbimed Advisors of New York is now preparing to launch its second Pan Asia Healthcare Fund by the end of 2013.

Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.

India sends investigation team to Italy. Indian officials would be travelling to Italy to further investigate allegations of corruption and bribey allegations against Italian defense firm Finmeccanica.

Global private equity funds, which poured tens of billions of dollars into India investments when the economy and currency were flying high a few years ago, may be stuck with those holdings much longer than planned as the rupee's plunge plays havoc with their exit options.