Nov 6 The following corporate finance-related stories were reported by media on Tuesday:
* Diageo Plc is set to pick up a 51 percent stake in India's United Spirits Ltd this week in a deal size that is likely to be about $2 billion. ()
* An independent securities regulator is investigating alleged unauthorized trades in Apple Inc shares at Rochdale Securities LLC that have placed the brokerage in a financially shaky position, the Wall Street Journal reported.
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Growth prospects for India remain favourable despite a slowdown in the global economy, but the government should speed up structural reforms and relax supply constraints in the energy, mining, and power sectors, the International Monetary Fund said on Tuesday. Full Article