Infosys and Bharti Airtel have tied up to provide DTH services. (ET)
Rcom has slashed local and STD rates for its new pre-paid plans. (ET)
Tata Motors plans to launch hybrid buses in March 2009. (BL)
Punjab National Bank has decided to reduce the interest rates by 50 basis points on housing and car loans. (ET)
Cairn India plans to further invest Rs110bn between 2008 and 2009 in the Rajasthan project. (BL)
Cairn India has discovered a saline water reservoir near its Rajasthan oil field that will help pump crude oil to the ground level and enhance production. (BS)
DLF Ltd has announced plans to invest Rs40bn over a period of five years in various parts of Kerala. (BL)
Sterlite Industries has sought a reduction in its earlier valuation for copper miner Asarco, due to the liquidity crisis and weak copper prices. (ET)
Tight liquidity conditions have compelled Reliance Infrastructure to go slow on its real estate projects. (ET)
Gujarat cabinet has approved allotment of 1,100 acres of land in Sanand for Rs4bn to Tata Motors. (BS)
JSW Steel might cut steel prices again this month. (BL)
BPCL has informed government that it might default on its US$300mn ECB. (FE)
Tata Teleservices is working on an agreement to sell26% stake to NTT DoCoMo Inc, Japan’s biggest mobile operator for about US$2.5bn. (Mint)
Bhel has joined the race to acquire Czech power utility company Skoda Power. (ET)
HCL Technologies sees deals worth about US$2bn, on which decisions would be made by clients in the next 90 days. (BL)
Kingfisher is considering to lay-off few employees. (ET)
Jet Airways plans to terminate the services of 1,100 more employees in the next two days. (BL)
SpiceJet will offer up to 15% discount on advance bookings and withdrew a congestion charge. (ET)
Godrej Industries and Godrej Consumer Products have signed a 10-year outsourcing contract with Hewlett Packard. (ET)
Financial Technologies has acquired 90% stake in the UK-based Audit Control & Expertise Global (ACE) Group for US$22.5mn. (ET)
Fame India has signed a 75-screen digital cinema deployment agreement with Scrabble Entertainment for 2K DCI compliant systems. (BL)
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RBI has reduced CRR by 100bps. (BL)
The DoT has proposed that telcos segregate their 2G and 3G revenues on the basis of traffic generated. (ET)
The health ministry will put on hold its plans to grant permissions to multinational pharma firms for conducting phase I clinical trials of molecules developed outside India until it finalizes guidelines for effective monitoring and supervision in the country. (ET)
Power equipment imported from china may have to clear CEA norms. (ET)
India’s tea exports rose 4% in volume during August due to a shortfall in output in Kenya. (ET)
The government announced that it would provide PSBs access to finance to raise their capital adequacy ratio up to 12%. (ET)
The government has decided to double foreign investment limits in corporate debt to US$6bn. (ET)
Union civil aviation minister Praful Patel will approach finance minister P Chidambaram, seeking easing of credit to airlines by banks and financial institutions. (ET)
TRAI is considering to levy license fees on tower companies. (BL)
Government is likely to impose 5% import duty on steel. (BS)