Deals of the day -- mergers and acquisitions

(Adds Zarlink Semiconductor, Research in Motion)

July 22 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday.

(For Reuters columns on deals, click on )

** The Indian cabinet has approved Reliance Industries' plan to sell a stake in 21 of 23 planned oil and gas blocks to BP as part of a $7.2 billion deal, Indian oil minister S. Jaipal Reddy said on Friday.

** Romania did not receive enough competitive bids for a stake in oil and gas group Petrom , the Economy Ministry said, raising doubts over a privatisation drive promised in return for international aid.

** Embattled global media group News Corp said on Friday it has sold its 79 percent stake in News Outdoor Russia and News Outdoor Romania to a group of investors led by Russia's second-biggest bank VTB .

** Nordic and emerging market telecoms firm Tele2 (TEL2b.ST) said on Friday it would pay about 890 Swedish crowns ($139) million in cash for mobile firm Network Norway, as it looks to gain scale in a market where competition is tough and costs are rising.

** Lafarge , the world's largest cement maker, said it was selling its Australian gypsum business to privately owned German rival Knauf for 120 million euros ($172 million) as part of its plans to reduce debt.

** 3M Co said it agreed to acquire the do-it-yourself and professional business of GPI Group that employs about 450 people, and has sales in France and western Europe.

** Schneider Electric SA said it is buying Brazilian low-voltage group Steck Da Amazonia Industrial Electrica for an undisclosed amount. Steck expected to generate 2011 revenue of around 80 million euros.

** Inpex Corp , Japan's top oil and gas developer, said on Friday its joint venture with a Japanese government affiliate will sell a 30 percent stake in Indonesia's Abadi gas field in the Masela block of the Timor Sea to Royal Dutch Shell (RDSa.L).

** JB Chemicals and Pharmaceuticals Ltd to sell its Russia-CIS Rx business to Dr Reddy's Laboratories for consideration of about 1.37 billion rupees. The board approved deal which includes product registrations, intellectual properties.

** Canada's Zarlink Semiconductor , subject to a hostile takeover bid by Microsemi Corp , said it has begun a review of its strategic alternatives.

** BlackBerry maker Research In Motion said on Friday it has bought Swedish video editing company JayCut and hinted the operation will work on features for its PlayBook tablet computer.

(Compiled by Rachana Khanzode and Maneesha Tiwari in Bangalore)