SpiceJet is reportedly in discussions with two West Asian airlines, Etihad Airways and Qatar Airways, for a minority stake sale. The move comes amidst expectations that the government would allow foreign airlines to invest directly in Indian carriers, report added. Report suggested that the discussions with the two airlines were, however, at a preliminary stage.

The Aditya Birla Group has reportedly emerged as the front-runner in a bid to acquire a stake in the cement business of Jaiprakash Associates (JAL) that could potentially be valued at $1 billion (around Rs 5700 crore). According to report, the two sides are in direct talks and negotiations have advanced considerably.

The board of Adani Ports And Special Economic Zone approved re-appointment of Gautam S. Adani as a Managing Director of the company for a further period of five years, effective 1 July 2012.

Fortis Healthcare is reportedly looking at acquiring a stake in a renewable energy company through its subsidiary Fortis Malar Hospital for captive purpose. According to report, Fortis Malar would invest around Rs 20 lakh in equities of a wind power company to acquire at least 26% stake. The move comes as part of the Chennai-based Fortis Malar Hospital's plan to source green power from a renewable energy company, an environment-friendly move, which will also help the hospital cut its expenses.

TTK Healthcare announced that the "Fen" Make Pellet (Pappad) manufacturing line acquired from McFills Enterprises, Ahmedabad, has been commissioned and has started commercial production at the company's foods division's factory at Hosakote, near Bangalore.

Redington (India) announced that Fortinet Inc, a worldwide provider of network security appliances and a market leader in unified threat management (UTM), has appointed the company as a distributor of complete range of their products and subscription services, which provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. This tie-up would enable the company to improve its strategic expansion in the security solution business.

Gruh Finance has fixed 25 July 2012 as the record date for the proposed 5-for-1 stock split.