Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million. The acquisition is expected to bolster Tech Mahindra’s capabilities in digital experience solutions – learning and development, marketing, instructional design; and engineering – cloud and automation, analytics, and technical support services.

Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd., India’s largest mobile phone carrier, is planning its biggest ever rupee bond sale as it targets gains in market share. The company is seeking commitments Tuesday for as much as Rs 5,000 crore ($671 million) of notes maturing in five years at a coupon of 6.20%, according to people familiar with the matter. Jio last tapped the local-currency bond market in July 2018 and is planning to use the proceeds from the current proposed deal to refinance financial liabilities.