Indian software solutions firm, Kale Consultants Friday reported that its backers are planning to sell about 35.61% of its stake to Accelya Holding World.

Swiss firm, M+R Spedag Group reported that it had acquired a stake in Indian firm PL Shipping & Logistics Private Ltd. M+R Spedag Group is a leading logistics and transportation services provider in Switzerland.

US based Blackstone Group LP has announced that it was buying a stake in India's Moser Baer Project Pvt. The stake acquisition will cost the US firm $300 million or about Rs 1350 crore.

Reports from the Indian Commerce Ministry revealed a tripled increase in foreign direct investments (FDI) inflows into the country in the last fiscal year ended March.

IBM is looking for investments in India and globally in its ambition to double its earnings in five year time period through expansion in new and emerging economies.