TCS, Infosys, Wipro, Mahindra Satyam, IBM and Accenture battle for British Petroleum’s US$1bn worth of outsourcing contracts. (ET)
Tata Motors is planning to introduce Nano in Latin America. (FE)
Tech M plans capex of Rs1-1.5bn during the year. (FE)
Ranbaxy has received the good manufacturing practice certificate for its non-sterile drug manufacturing site located in Dewas. (ET)
Essar Oil plans to enhance its fuel retail operations by additional facilities through tie-ups at 1,250 outlets. (BS)
KEC International bagged four orders worth Rs4.7bn. (FE)
Texmaco plans to foray into manufacturing Metro coaches. (BS)
Maytas Properties has asked the government to denotify its Biotech SEZ. (ET)
Kalindee Rail plans to increase its stake in the company to 27% from 17% owing to a threat from L&T, whose holding has risen to 14.8%. (ET)
Air India may get Rs2bn equity infusion in 1 phase of debt restructuring. (BS)
Inflation remains in negative territory at -1.17% for the week ended July 11, but food prices soar. (ET)
Six core infrastructure industries grew by 6.5% in June on the back of robust performance by cement and steel sectors. (ET)
Government has imposed a three year lock in clause on stake sales by the owners of telecom companies which were granted telecom licences last year. (ET)
Government may allow mobile number portability by year end. (ET)
RBI is expected to retain its soft interest rate bias at next week’s quarterly policy review. (ET)
Government may extend more sops to the slowdown hit export sector in the foreign trade policy. (ET)
15 road and highway projects with an estimated cost of RS156bn to be executed as PPP were cleared by the ministry. (ET)
The Forum of Regulators, consisting of state and central electricity regulatory commissions, have agreed that the additional unscheduled income charges imposed on distribution companies will not be allowed to be recovered from the customers. (FE)
Coal ministry has asked Coal India to conclude fuel supply agreements with all 1,350 consumers as soon as possible. (FE)
Government estimates gas demand from power and fertilizer sectors to rise by 28% to 202.8mmscmd in three years. (FE)
NHAI awards 1400 km stretch under operation, maintenance and transfer basis on a public-private partnership (PPP) model. (BS)