India’s largest software services firm Tata Consultancy Services  has signed an agreement with Japanese major Mitsubishi Corporation to form a single IT services unit, the company said on Monday.

The merger, in which TCS will hold 51 per cent stake and Mitsubishi 49 per cent, will create a new IT services company of significant scale in the Japanese market with annual turnover of over $600 million. “TCS Japan, IT Frontier Corporation  Mitsubishi’s 100 percent IT subsidiary — and Nippon TCS Solution Center , to merge as a single new entity,??? TCS said in a statement.

Bangalore-based amusement park operator Wonderla Holidays has opened its 1.45 crore shares public offer for subscription today. The issue constitutes 25.66 percent of the fully diluted post issue paid up equity sharemarket capital of the company. The price band for the issue, which closes April 24, is at Rs 115-125 per share.

Wonderla Holidays operates two largest amusement parks in Bangalore and Kochi under the brand name Wonderla and is in the process to open third one in Ranga Reddy district of Andhra Pradesh (AP). It intends to raise Rs 166.75-181.25 crore through the issue, out of which it already garnered Rs 27.19 crore by selling 21.75 lakh equity shares through anchor investors’ portion on April 17.

Investors continued to buy shares of ALSTOM India after the company received a contract worth approximately euro 30 million from Bharat Heavy Electricals (BHEL). The stock rallied as much as 2.75 percent intraday.

The contract is to supply components and services for the 2×660 MW Banharpalli Super Thermal Power Project  located in Jharsaguda, Orissa. ALSTOM India says, “Out of the entire contract, company’s scope of work would be Rs 161.7 crore (i.e. approximately euro 20 million).”