US$23bn strategic equity alliance between Bharti Airtel and MTN awaits clearance from the competition authorities of both countries. (ET)
Tata Motors appoints Roland Berger strategy consultant and KPMG to trim costs at JLR. (BS)
SABMiller selects Infosys to evaluate and improve the effectiveness of its marketing campaigns. (ET)
Maruti rolls out 100,000 KB-series cars in 10 months. (BS)
Sobha Developers is set to raise another Rs2.5bn by selling over 100 acres of its land in Pune. (BS)
Reliance Power plans to raise further Rs200bn to finance its ongoing projects. (ET)
Reliance Infrastructure aims at a five-fold increase in its roads portfolio to Rs22bn by 2012 from Rs46bn. (BS)
GMR has commenced commercial operations of its sixth national highway project - 73km stretch on NH-45. (ET)
KSK Energy to raise Rs20bn through FCCB or GDR issue. (BL)
McLeod Russel eyes Africa plantations to increase tea output. (FE)
Delhi Metro Rail Corporation serves Gammon India, the contractor working at the Zamrudpur accident site, a show-cause notice, bans it for 2 years and debars it from bidding for new contracts. (ET)
Maytas Infra ties up with a Singapore based consultancy firm to raise upto Rs2.4bn to retain the metro rail project. (ET)
JSW Steel plans to route upto 25% of its total revenues through retail chains over the next 2-3 years. (ET)
Matrix Laboratories has been issued a notice by WHO in relation to the anti-retroviral drugs it supplies to WHO for its HIV/AIDS program. (ET)
Wockhardt has sold its nutritional business comprising of Farex, Protinex, Dexolac and Nusobee and manufacturing units at Lalru and Jagraon in Punjab to Abbot Laboratories for US$130mn. (ET)
L&T Finance plans to raise Rs1bn via NCDs. (BS)
Jet Airways and Kingfisher Airlines bet on global routes for forex and fuel cost advantage. (BL)
Titan eyes sales of Rs150mn watches in Orissa. (BL)
Zensar Technologies announced a buyback plan with a maximum price of Rs165/share and a minimum outlay of Rs400mn. (BL)
Adani Power IPO oversubscribed 4 times on debut. (ET)
NHPC plans to have an installed capacity of 10GW by the end of the XIth Five Year Plan. (FE)
NHPC fixes IPO price band at Rs 30-36. (BL)
Century Textiles plans to invest Rs19.3bn over the next 2-3 years to modernize and expand its capacity. (ET)
RBI keeps rates unchanged, but has hinted at rising rates going forward. (ET)
Poor rains have damaged 35-40% of sugarcane crop in UP. (FE)
National Solar Mission targets solar generation of 20GW by 2020. (FE)
Uttar Pradesh Power department staff have threatened to go on a strike from August 11th. (FE)
Orissa Power Generation Corporation plans to expand its capacity by 1320 MW by 2013. (BS)
Property developers plan more launches in the sub-Rs2mn category homes, after Budget concession. (BS)
NABARD has sanctioned Rs7.9bn to implement various projects in Tamil Nadu. (BS)