Equity Market News Today

• FIIs may get approval to invest in Indian Depositary Receipts – ET
• ICICI Bank sells $275m worth risky papers, will help to cut down MTM losses – ET
• TCS leads the race to acquire Citi's BPO, deal size pegged at $500-550m - ET
• M&M working in electric car bigger than Reva – FE
• Ambuja Cement to hike prices by Rs 20/bag – ET
• Sobha Developers to sell stake in 3 SPVs, in talks with PE players to raise funds – DNA
• Punj Lloyd consortium bids for Singapore's maiden LNG import terminal project worth $1bn – ET
• Punjab Chem to raise Rs 250 cr via GDR in next 6 months - BS
• Take Solutions, Four Soft merger ratio likely in 2 weeks - BS
• Satyam delays hikes, payout to be smaller this year - Mint
• Subhash Projects, Emco to jointly acquire 83% stake in Indonesian Coal mine for Rs 300 cr – Mint