Sterlite is planning to invest Rs200bn over the next one year to create additional capacity of 4,500MW (ET)
Government not to sell 10% stake in BHEL (FE)
Baja Auto to launch 100CC bike, Discover DTS-Si, on July 27th (Mint)
NTPC coal stock at supercritical levels (ET)
Infosys has intensified its efforts to outbid Wipro and Genpact to acquire back-office operations of UBS (ET)
The state of Rajasthan may levy a land-use tax on oil and gas producers including Cairn India (ET)
BEML to bid for rail projects in 12 cities (Mint)
Wockhardt may sell its non-core business to raise Rs7.9bn (ET)
Ranbaxy is voluntarily recalling a batch of its best selling anti-acne drug in the US market (ET)
GSK has signed a new 5-year support contract with Mahindra Satyam for SAP and other critical systems support (FE)
Idea gets nod to de-merge its passive infrastructure to its wholly-owned subsidiary, Idea Cellular Towers Infrastructure Ltd (BS)
Essar Power to raise Rs150bn in debt (FE)
Mahindra Satyam accounts may be restated by March 2010 (ET)
IOC, BPCL and HPCL will set-up 2,263 new petrol pumps during the current fiscal (ET)
Cipla get notices from NPPA for allegedly over pricing of two drugs (BS)
BEML has entered into a MoU with Alstom for technology support for rail products in the domestic market (FE)
HCC bags order worth ~Rs3.9bn for Dagacchu hydro power project in Bhutan (FE)
Bankers approve the debt restructuring package of Wockhardt (BS)
Yes Bank plans to raise US$300mn by March 2010 (BS)
Educomp to raise ~Rs6bn vis QIP (BS)
Matrix drags Teva to court over patent dispute (ET)
Godrej Group to merge consumer goods business to cut costs and increase efficiency (ET)
OBC to open 100 branches in FY10 (BS)
Visa Steel to pump-in Rs10bn for adding 275MW capacity to its 50MW power plant in Orissa over the next three years (ET)
Inflation for the week-ended June 27th was at -1.6% (ET)
India’s monsoon rains were 8% below normal in early July (ET)
India’s agriculture growth is expected to be less than 2% in the current fiscal (ET)
India has decided to allow millers to import raw sugar at zero duty for sale in domestic markets till March 2010 (ET)
Fuel prices to be rolled back if oil prices stabilize between US$50-60/barrel, says Oil Minister (BS)
Department of Financial Services may seek a review of the new FDI norms to ensure that the banking sector is not impacted by PN-2 (ET)