Moody’s lowers Tata Steel outlook to negative. (ET)
NTPC plans to raise US$1bn to fund expansion plans. (ET)
TVS Motors to reduce investment by 20% and cut production. (BS)
Ashok Leyland to cut its vehicle output in second half of the current financial year. (BS)
Jet, Kingfisher likely to reduce flight. (ET)
Singapore based PE firm buys into HDIL and Indiabulls Real Estate. (ET)
SAIL to set up steel processing units in Himachal Pradesh and Rajasthan. (DNA)
DLF emerges as sole bidder for developing Mumbai rail land. (BL)
Elder Pharma buys 3 small Bulgarian-based pharma companies. (ET)
Areva T&D bags Bhilai Steel order worth Rs2.2bn. (BS)
Tata Tele Services to roll-out services in J&K and North East region from November. (FE)
JSW Steel and Georgian Steel Holding Group have closed US$28mn debt financing for setting up steel plant in Georgia. (DNA)
Crompton Greaves is considering cutting down its capex budget for this year. (DNA)
HOV services open facility in North California. (BS)
DLF enter into an agreement with Italian apparel brand Alcott and Paris based SIA group to launch them in India. (ET)
HDFC Bank opens a branch in Bahrain. (BS)
Honda India and Hero Honda ventures to jointly source auto parts. (BL)
LIC to launch credit card with Corporation Bank. (FE)Government may pump Rs30bn into 7 public sector banks to shore up their capital adequacy ratio to 12%. (BS)
Government may miss FY09 budget targets for fiscal and revenue deficit. (ET)
Government allows airlines to clear fuel dues owed to oil companies, totaling about Rs30bn in six EMIs. (ET)
Indian Banks ask RBI to ease norms on reserve requirements. (ET)
RBI eases norms on overseas borrowing for Indian companies. (ET)
DoT faces 3G spectrum crunch in 9 other circles. (ET)
Petroleum secretary says government has no immediate plans to cut fuel prices. (ET)
SEBI plans to review direct market access facility rules. (ET)
Government may import 100mn ton of coal to meet the projected demand in the 11th five year plan. (BS)
DoT to meet defence ministry on Oct24 to discuss the issue on spectrum vacation. (DNA)
Banks unlikely to extend credit support to airlines. (BL)