India Digest: Alibaba plans $100m investment in XpressBees; eInfochips sale; Bhushan Steel debt

A worker walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang province, August 24, 2013. REUTERS/China Daily/Files

While Alibaba is looking to invest $100 million in logistics firm XpressBees, US’ Arrow Electronics is likely to acquire eInfochips. Also, Axis Bank is planning to sell its loan exposure in Bhushan Steel.

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