Dec 4 The following corporate finance-related stories were reported by media on Tuesday: * Private equity firm Apax is in talks with Guardian Media Group Plc about potentially buying the newspaper group's stake in Trader Media Group, the publisher of Auto Trader, in a deal that could raise up to 600 million pounds, the Telegraph reported. () * A service unit of Nokia Siemens Networks (NSN) in Germany faces closure after losing a contract with its biggest customer, German daily newspaper Sueddeutsche Zeitung reported. * Cerberus Capital Management LP is in talks to join Virtu Financial LLC's bid for U.S. brokerage Knight Capital Group Inc , the Wall Street Journal reported, citing people familiar with the discussions.
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State Bank of India, the nation's top lender by assets, reported a better-than-expected 23 percent increase in quarterly profit and a lower bad loan ratio, sending its shares more than 5 percent higher. Full Article | Full Coverage