ABG Shipyard makes a counter offer for Great Offshore, rivaling Bharti Shipyard attempt to take control of the company. (BL)
RNRL seeks meeting with RIL on gas sharing issue. (BL)
SBI sets sights on mid-size overseas bank. (ET)
Idea to raise Rs60bn for new rollouts in next 2 years. (ET)
DIPP clears Bharti, Tata Tele proposals under new policy, which changes the way indirect foreign equity is treated. (ET)
Mahindra Satyam to merge with Tech Mahindra. (BL)
TCS, Wipro, IBM and Mahindra Satyam to bid for US$250mn Nissan contract. (ET)
Powergrid is considering a FPO to raise Rs30bn to fund its expansion plans. (BS)
TCS loses Rs2.25bn e-governance deal. (DNA)
NTPC to ink gas deal with RIL soon. (BL)
FSL bags order worth Rs1.45bn from Idea. (ET)
Wockhardt may issue preference shares to banks against derivative losses. (ET)
PFC to raise Rs230bn by end of FY09 for financing various power projects. (BL)
Dr Reddy launches new drug, Bispec in the domestic market. (BL)
Maytas Infra seeks Rs7bn additional loan for revival. (ET)
Pantaloon Retail May sales up 14%. (ET)
KEC International wins order worth Rs1.1bn. (DNA)
IRB Infra emerges as a lowest bidder for a road project from NHAI worth Rs15bn. (DNA)
Bajaj Auto looks to launch high performance scooters. (ET)
Government gives nod to Andrew Yule for its disinvestment program. (ET)
Cummins India has delayed Rs7.5bn ‘mega project’ at Phaltan near Pune by 6-8 months. (BS)
Government bans Chinese companies from bidding for ITI units. (ET)
Essar Group rejigs Vodafone stake to raise US$1.2bn. (ET)
Union Bank raises Rs5bn via issue of Tier-II bonds. (BS)
LIC is planning to acquire more shares in South Indian Bank. (BS)
BSNL is scouting for opportunities in South Africa. (DNA)
Elder Pharma to step up rural focus. (ET)
Reliance Retail to break-even by Sept’ 09. (ET)
Government likely to extend sops to EoU and STPI by another year. (ET)
MET Department hints at a below normal monsoon. (BL)
SEBI may hike upfront margins for QIBs in IPOs. (ET)
State may levy cess on construction above Rs1mn. (ET)
Fiscal deficit during April hits 16.3% of the projected deficit for the full year. (ET)
Government is likely to come out with a successor to the FRBM Act in the budget to continue the consolidation of government finances. (ET)
FDI in April witnessed an increase of 19.3% mom to US$2.34bn. (BS)