Falling interest rates should be good news for India's prospective new asset class — infrastructure investment trusts — as long as issuers price the first few deals to perform.
The cellular operator completes India's largest ever private sector corporate equity deal in rupee terms amid a growing rapprochement between the Ambani brothers.
Reliance group buys Bharti's 74% stake in two insurance joint ventures in India, bringing Mukesh Ambani into direct competition with younger brother Anil.
Nippon Life Insurance buys a 26% stake in Anil Ambani's life insurance company, paying $680 million to become a strategic investor in India's last independent life insurer.
British Petroleum agrees to invest up to $20 billion in India in partnership with Reliance Industries. The deal catapults advisers Goldman Sachs and Morgan Stanley to the top of the India league tables.