Mahindra & Mahindra (M&M)-owned movie production house Mumbai Mantra will raise money from private equity players to fund expansion. The company will invest Rs 4 billion in the next 3-4 years in movie production and intends to use a mix of private equity fund, debt and internal accruals for the same. It is finalising plans to enter into television content space too


Novartis has collaborated with healthcare company USV to market its anti-diabetic product Galvus, in a move that would pitch the pharma company directly against Merck. Novartis plans to pitch this against Merck`s Januvia by pricing it lower in the Indian anti-diabetic market which saw total sales of Rs 16.72 billion till June 2008,

Unitech looks forward to raise Rs 15 billion through the sale of offices, land and a hotel in the next three to four months to tide over the current liquidity crunch and pay off debt,

Tatas are close to consolidating their shareholding in Steel Strips Wheels through a planned move that could profit the conglomerate`s key companies, Tata Steel and Tata Motors,