Indians are investing more money in Dubai Real estate market as per the latest report from Dubai Land department. The report has put Indian investors at top position with total investments in first half of 2013 at 2.2 billion USD. Indian investors purchased property worth Rs 14900 crore in year 2012 and they are already approaching that figure during the six months of current year.

Spanish auto component manufacturer CIE Automotive has signed an agreement to acquire stake in Mahindra Systech - Mumbai-based Mahindra & Mahindra’s (M&M’s) automotive component businesses.

CIE Automotive will acquire 46-52 per cent stakes in Systech through its Brazilian subsidiary Autometal for a sum of around 100 million Euros (Rs 766 crore).