Apollo Global Management Llc

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  ICICI Bank, Apollo To Set Up Indian Asset Reconstruction Company

  ICICI Bank Ltd, India's biggest private sector lender, and private equity firm Apollo Global Management LLC on Monday said they would set up an asset reconstruction company (ARC) in India to buy into troubled loans held by banks.

• S&P's parent McGraw-Hill says US government's $5 billion fraud case flawed

  McGraw-Hill, parent of credit ratings agency Standard & Poor's Corp, which was hit with a $5 billion fraud lawsuit by the US government last week, fired back on Tuesday, saying it doesn't believe the government has a case.

• Nasdaq talks going private with Carlyle: report

  Nasdaq OMX Group recently talked with private equity firm Carlyle Group about taking the trans-Atlantic exchange operator private, but the talks broke down because of price disagreements, according to people familiar with the matter.

• HMV's future seen limited to flagship stores and internet

  HMV, the long-established music retailer seeking protection from its creditors, is unlikely to have a future beyond a rump of stores and the internet, if other recent British retail failures are any guide.

• Carlyle eyes $7.5-8 bn valuation in initial public offer, say sources

  Carlyle, which has $147 bn in assets under management, plans to sell a 10% stake to raise $750 mn -$800 mn.

• Japan's Kobe Steel to buy stake in India's Man Indusries

  The move is the latest in a series of Japanese firms investing in Indian steelamkers