Following are the important reports carried by leading financial dailies and post market business news:

Business Standard

BPO financial irregularities to cost Infosys less than USD 1 mn

Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than USD 1 million (Rs 60 million) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.

Kotak buys ING Vysya in all-share deal

Kotak Mahindra Bank on Thursday announced it was acquiring Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold.

Business Line

Arvind Store to expand footprint

Arvind is looking to expand the presence of its 'The Arvind Store' to 165, from the existing 142, by the end of this fiscal.

Aurobindo to replace Actavis' drugs with its own to lower costs

Aurobindo Pharma will replace about 600 products of Actavis with its own for cost optimisation. Early this year, the Hyderabad-based Rs 81 billion drug-maker had acquired the commercial operations of Actavis Plc in seven Western European countries for Euro 30 million.

Jindal Saw's UAE arm raises Rs 7.75 bn

Pipe maker Jindal Saw's subsidiary Jindal Saw Middle East FZC (JSME) has closed a club facility of about Rs 7.75 billion for its long term requirements.