L&T has bagged six orders worth Rs12.3bn from different vendors, which will be executed by Electrical & Gulf Projects Operating Company, a part of L&T’s Construction division. (ET)
SBI is in talks with Indonesia-based Bank Eksekutif to acquire a majority stake. (ET)
Bhel has bagged an Rs1.7bn contract from Chennai Petroleum for setting up a 20mw gas-turbine based co-generation power plant at its Manali refinery. (ET)
Aurobindo Pharma has sued the South African government after failing to win a US$400mn AIDS drug tender. (FE)
Reliance Retail may acquire Henkel India’s two soap brands - Aramusk and Moloy for ~Rs100mn. (ET)
Godrej Consumer may license out brands like Ganga, Banish, Evita and Godrej Tea to the Future group for a period of 3-5 years. (ET)
Britannia Industries plans to stage a comeback into the packaged milk business, four years after it exited this segment. (BS)
ArcelorMittal, Rio Tinto, GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18 abandoned coal mines owned by state-owned Coal India Ltd and its eight subsidiaries. (BS)
PVR is in talks to acquire DT Cinemas, a wholly-owned subsidiary of the DLF Group. (ET)
Essel Mining and Suzlon may settle lawsuit, seeking damages over technical problems in the wind mills set up by Suzlon, out of court. (ET)
NTPC and the Orissa government enter into dispute over Talcher power issue. (FE)
Reliance Communications and Reliance Power restructured their respective promoter holdings through transfer of shares among group companies. (FE)
Unitech has raised ~Rs11.6bn through warrant issue to its promoter group firm Harsil Projects on a preferential basis. (ET)
One of the six 500MW units of the 3,000MW NTPC-Kaniha plant, which was shut down on Sunday will be restored by Tuesday evening. (BS)
GAIL plans to pick up equity stake in the 1,400MW Bidadi Gas project promoted by the Karnataka State Power Corporation Ltd. (BL)
Sobha Developers raises US$130mn on day one of the QIP issue. (ET)
Nagarjuna Construction plans to raise Rs5.5bn through QIP route, with a greenshoe option to retain Rs0.5bn in case the issue is over-subscribed. (ET)
FIPB has rejected the pleas by Tata Teleservices and Bharti Telemedia, seeking relief from penalties that were to be imposed by RBI. (ET)
UCO Bank plans follow-on offer to raise Rs5-6bn. (BS)
Biocon has signed an agreement with the US-based Mylan to develop manufacture and supply generic biological drugs globally. (ET)
Mahindra Holidays' public offer price is fixed at Rs300/share. (BS)
Jain Irrigation Systems has bagged Rs1.6bn order for the supply of mango pulp to Coca-Cola in India and abroad. (BL)
Jay Shree Tea and Industries has firmed up plans to acquire tea estates in Uganda and Kenya. (ET)
Apollo Hospitals achieved the financial closure for their Rs15bn expansion plan, to add 2,000 beds. (BS)
Wockhardt plans to sell more non-core businesses in next three to six months. (BL)
Rolta has bought back FCCBs amounting to US$38.3mn through a tender offer. (ET)
Sterlite Energy has tied up loans worth Rs61.5bn for its 2,400mw project in Orissa. (ET)
S Kumars to buy Hartmarx, the American clothing company for US$119mn. (ET)
Bank of Rajasthan plans to raise funds up to Rs2.5bn through private placement of shares. (FE)
Max India plans to raise Rs4bn through the QIP route. (ET)
Kerala Ayurveda is set to merge with Arya Vaidya Pharmacy. (ET)
Ford India has started testing prototypes of its small car which will hit Indian roads early 2010. (FE)
Vodafone Essar has completed a service expansion into seven new regions across India. (FE)
The Government may reconstitute its cabinet panel on KG gas dispute. (ET)
RBI has sent letters to banks seeking their views on launching credit default swaps (CDS) instrument. (ET)
The Government is considering a proposal to allow duty-free imports of transmission equipment required for new projects. (ET)
The Thirteenth Finance Commission (TFC) plans to compensate states for any revenue loss from implementing the proposed GST from April 1, 2010. (BS)
Exports by units registered under the Software Technology Parks of India (STPI) scheme are estimated to have touched about Rs2,026bn during 2008-09, a 12.4% yoy growth. (BL)