“Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has completed the sale of its 49% stake in a Chinese expressway project, that will help the company address debt worth Rs 2,600 crore.”, reports The Economic Times. The transaction involved sale of 49% shareholding amounting to I...

Chinese law firms Jun He and Zhong Lun are in talks to merge, which, if successful, would create a Chinese law firm with combined revenues of £180m (Rs 1,800 crore), with 400 partners and 1,000 lawyers in eight cities and offices in Japan, the US and London. [The Lawyer]