RNRL moves Supreme Court to make Reliance Industries’ execute Bombay HC order. (BL)
SBI has offered a loan of up to US$1bn to Bharti Airtel to partly fund its planned stake buy in South Africa’s MTN.(TOI)
Centre has advised SBI not to pursue with the RBI the issue of acquisition of State Bank of Indore.(BL)
Ashok Leyland June sales down 44% yoy.(BL)
ACC has reported a marginal rise of 1% in dispatches at 1.81mn tonnes in June.(BL)
NTPC may sign gas deal with Reliance Industries, says a top executive.(Mint)
JSW Steel output up 45% to 1.4mn tonnes in Q1 FY10.(FE)
Tata Capital, a subsidiary of Tata Sons, has tied up with Japanese securities firm Mizuho Securities to raise a private equity fund in Japan.(DNA)
SAIL scraps Rs20bn contract with POSCO.(Mint)
HUL to streamline its product portfolio.(DNA)
ABG Shipyard to raise US$150mn.(FE)
Government likely to raise Rs18.5bn from NHPC IPO.(FE)
Reliance Communications gets shareholders’ approval for stake sale.(FE)
JSW Steel plans to infuse up to Rs1bn into JSW Severfield Structures, its UK-based JV with Severfield Reeve Structures.(DNA)
Shriram Transport Finance to raise Rs10bn via NCDs.(FE)
Sesa Goa, JSW Steel and Rashtriya Ispat Nigam, amongst others are in race for acquiring mining rights for the largest iron ore deposit in Afghanistan. (BS)
Bharti Airtel and MTN which are in US$23bn merger talks, to approach SEBI to grant an exemption to the South African firm from making an open offer here following the deal. (ET)
Wockhardt is in talks with a few MNCs to sell two of its best-selling brands Protinex and Farex. (ET)
DLF to raise funds worth Rs5bn in the coming weeks by selling land. (ET)
JP Hydro plans to raise up to Rs15bn through issue of financial securities in the market and merge Jaiprakash Power Ventures with itself. (BS)
Hindustan Construction raised Rs4.8bn through the issue of shares to QIBs through private placement. (BS)
Chennai Petroleum plans to invest over Rs70bn in the next five years on its expansion plan and on connectivity projects. (BS)
Uco Bank to invest Rs450mn in its general insurance company, which would be operational by March next year. (BS)
GMR Infra plans Rs25bn Vemagiri Power expansion, to put up an additional capacity of 750 Mw in Vemagiri, adjacent to its existing natural gas-fired combined cycle power plant of 388.5MW. (BS)
BSNL plans to offer stake to a foreign telecom entity, as an alternative to an IPO. (BS)
Hero Group shelves plans to enter the commercial vehicle segment. (BS)
Pantaloon Retail plans to invest close to Rs3.5bn over the next one year to expand its value hypermarket chain Big Bazaar. (BS)
Cinemax to invest around Rs180-200mn by the end of financial year 2009-10 on expansion plans in Gujarat. (BS)
Dalmia Cement to set up a second manufacturing facility in Tamil Nadu with an investment of around Rs8bn. (BS)
SREI Infrastructure emerges as the lowest bidder for the Rs11.41bn road project on National Highway-91 in Uttar Pradesh. (BS)
SpiceJet to look for acquisition opportunities. (ET)
Essar may pick up operating stake in GSPC’s Gujarat block.(BL)
Foreign exchange reserves increased by US$932mn to US$265bn for the week ended June 26.(BL)
Railway Ministry appoints Sam Pitroda as the head of an expert committee for suggesting schemes to use its optical fibre cable network commercially.(BL)
SEBI has made it mandatory for foreign venture capital investors to obtain firm commitment of at least US$1mn from their investors for eligibility to apply for registration.(BL)
EPF interest rate maintained at 8.5%.(BL)
Government cancels coal linkages of 25 captive power plants with combined capacity of 1,292MW.(FE)
Cargo traffic at major ports sees 2% growth.(Mint)
Telecom Dispute Settlement Appellate Tribunal has asked DoT to decide on the policy for allocating 2G spectrum within six weeks.(BL)
Average assets under management of mutual funds up 5% at the end of June.(TOI)
Commerce and Industry Ministry has proposed a marginal hike in FDI limit in FM radio-from 20% to 24%.(TOI)
Department of Telecom has sought sector regulator TRAI’s views on auctioning new bands of airwaves outside the spectrum bands allotted to service providers so far. (ET)
Department of Industrial Policy and Promotion to meet on July 10 to discuss the foreign direct investment policy in the cigarette industry. (BS)