Reliance Industries to commence work on Haryana SEZ by April 2009. (FE)
Tata Motors likely to rollover bridge loan. (FE)
Tata Motors to miss its original Nano roll-out deadline of October-December 2008. (ET)
ONGC seeks permission in Russia to buy Imperial Energy. (DNA)
Hindalco’s US$1bn overseas borrowing program faces a deadline extension. (ET)
Hindalco may dilute part of its cross holdings stakes in group firms like Grasim, Idea and AB Nuvo to raise funds for repaying US$3bn bridge loan. (BS)
JP Associates plans rights issue to raise Rs18bn. (BL)
Reliance Petroleum says refinery will commence by December 2008. (BL)
Maruti Suzuki launches petrol engine plant. (Mint)
BHEL bags a Hydro power project worth Rs6.4bn. (BS)
ITC has accumulated losses worth Rs7bn over last seven years in its foods business. (BS)
Reliance Power ties up with IDBI led consortium to secure the debt portion of second phase of 600MW Rosa Power Project. (BS)
Pantaloon Retail exits airport retailing JV with UK based Alpha Airports Group Plc. (ET)
UB Group to sell South African wines from 10 Chapter Pty in India soon. (ET)
Wipro ties up with Sun Microsystems to widen its reach within the Gulf Cooperation Council Countries. (ET)
Idea Cellular to invest Rs80bn in expanding operations during the current fiscal. (ET)
SpiceJet announces special fares starting Rs99 across its network. (ET)
Government to become a party in Reliance-RNRL gas dispute. (BL)
Novartis looking to enter new areas within OTC division. (BL)
Jet Airways to suspend flights, lease aircrafts to cut costs. (BL)
GE arm – BHEL JV to compete for tender issued by railways to manufacture 1000 diesel locomotives. (FE)
HCC bags an order worth Rs3.6bn from Lanco Infra. (FE)
Essar Group’s Cayman Island based holding firm gets FIPB nod for its proposed investment in Asia MotorWorks Holdings. (ET)
NMDC may be forced to lower the 35-40% provisional hike in iron ore prices affected a couple of days ago. (DNA)
Glenmark sets up a global R&D unit in UK. (DNA)
Commercial banks are planning to cut home loan rates by about 50bps. (ET)
PM asks PSU banks to resume lending to priority sector and industry. (ET)
Government may soon provide protection to domestic steel companies by levying a 10% import duty on all grades of steel. (ET)
RBI likely to ease cap on foreign currency deposits. (ET)
3G auction to take place by January 15, 2009. (BL)
Petroleum minister to meet Aviation minister, oil companies and airlines today. (FE)
Fertilizer ministry to pay full fertilizer subsidy in cash. (DNA)
Indian banks seek dollar credit line from RBI. (Mint)