Indian satellite television operator Videocon d2h Ltd has agreed to sell shares worth up to $375 million to U.S.-based Silver Eagle Acquisition Corp and the proceeds will be used to expand its services.

Silver Eagle will own between 33.5 percent and 38.6 percent of Videocon d2h for $300 million to $375 million, the two firms said in a statement late on Monday. The deal will result in the listing of the Indian company in the United States.

Trade unions today began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977.

The unions have gone on strike to protest against 'disinvestment and restructuring of state-run Coal India' and to press for their other demands including the roll-back of what they call as 'process of denationalising of coal sector'.

More than 8,000 people have died of Ebola in the three worst-affected countries of Guinea, Liberia and Sierra Leone, the World Health Organization (WHO) said on Monday.

Japanese telecom giant NTT Docomo has dragged Tatas to an arbitration court, alleging that the Indian firm failed to honour commitment to buy its Rs 7,250 crore stake in their joint venture Tata Teleservices Ltd.

Docomo had in April last year announced plans to exit the joint venture by selling its 26.5% stake.

Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,570 on NSE after the company said it has won orders worth of Rs 4,006 crore in the month of December 2014.

The construction arm of L&T has won orders worth Rs 4,006 crore across various business segments in the month of December’14 in both the domestic and international markets, L&T said in a statement.

Hopes of the impasse over government formation ending have brightened in the restive Jammu and Kashmir. A high powered J&K state BJP core group is meeting the party's central leadership on Monday to discuss the possible alliance in a bid to end impasse over the government formation. The group would be meeting the BJP president Amit Shah in national capital to discuss political situation and give their inputs about the possible alliance in Jammu and Kashmir.

Imagine that a man walks into a party with a gun in his hand. He may smile and assure everyone that he has no intention of using it, but people are still going to step carefully around him. And chances are the room will empty out pretty quickly.

The Securities and Exchange Board of India’s new set of research analyst regulations, which seek to regulate disclosures, conflict of interest and compensation practices for research analysts, has the potential to do something similar.

Shares in Ashok Leyland has surged 6% to Rs 56.50, also its record high on BSE, after the company said it has reported 48% year-on-year jump in total sales at 9,290 units in December 2014. Auto major had sold 6,275 units during the same month of 2013.

Sales of medium and heavy commercial vehicles soared 85% in December 2014 to 7,210 units as against 3,890 units sold during the same month of previous year, Ashok Leyland said in a statement.

The Indian Oil Corporation (IOC) has said is in the final stages of taking over land and forming a joint venture for the liquefied natural gas (LNG) terminal project at Ennore near Chennai. The cost of the project, which will be the first LNG terminal in the eastern coast, has been revised to Rs 5,150 crore.

Speaking on the sidelines of the alumni association’s meeting of College of Engineering, Guindy in Chennai on Sunday, IOC chairman B Ashok said orders were being firmed up and the joint venture would be formed in a month. The project is expected to be completed by end-2017.

The number of people infected with the deadly Ebola virus reached 20,381 people by the end of 2014, and 7,989 of them died of the disease, according to figures released on Friday by the World Health Organisation (WHO).

The data includes confirmed, suspected and probable cases recorded in Guinea Conakry and Sierra Leone until Dec 31 and in Liberia until December 28.

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