Reliance Industries will partially shut its old Jamnagar refinery for 2-3 weeks to carry out maintenance work. (FE)
Hindalco has received approval from lenders to amend terms of US$982mn loan it obtained to part finance the acquisition of Novelis. (BL)
Hindalco plans to raise US$500mn via QIP to fund its capex plans and retire debt. (ET)
NTPC is in talks with JBIC to raise US$500mn for green energy. (ET)
Tech M plans a second preference allotment of shares to increase its stake in Satyam. (FE)
L&T and Tata Projects have submitted offers for the Rs15bn balance of plant job of Coastal Energen. (BL)
Reliance Infrastructure won IT consultancy projects in 5 electricity distribution companies in Karnataka. (BL)
Shaw Wallace has sold its entire 10.27% stake in United Spirits for Rs9bn. (FE)
Punj Lloyd bagged 3 contracts worth Rs18.7bn from the Housing and Infrastructure Board of Libya. (FE)
Yes Bank plans to raise US$200mn tier-I equity capital either through a follow-on public issue or through a QIP. (BL)
US drug regulator has approved Ranbaxy Laboratories oral solution Oxcarbazepine. (BS)
Future Capital Holdings is setting up a mall development company to manage, develop and own retail properties in the country. (ET)
Adlabs Films has lined up a capex of Rs1.5bn for this fiscal. (FE)
Coal India will float tenders for development and operation of high capacity underground mines in 7 blocks on a long term basis within the next 2 weeks. (BL)
Max India approved issuance of shares for Rs4.5bn in one or more tranches. (BL)
Ashok Leyland bagged a Rs3bn order for 1500 buses from Tamil Nadu State Transport Corporation. (BL)
Emami raised Rs3.1bn through QIP. (BL)
Network18 sold 12.79% stake to SAIF III Mauritius for Rs1.2bn. (BS)
Strides Arcolab bought back US$18.5mn of its FCCBs at a 12% discount. (BL)
Jubilant Pharmaceuticals NV, a subsidiary of Jubilant Organosys, recalled its hypertension drug from the UK market on an order issued by the UK regulator. (BL)
Auditors say that Wockhardt will have to repay Rs14.1bn debt before end of 2009 if it fails to reschedule its debt through CDR program. (BS)
Areva France announced that it was disposing all its transmission and distribution businesses globally, including Areva T&D India Ltd. (FE)
HDIL has raised Rs16.8bn through QIP placement to KKR, Blackstone and fidelity. (BS)
Webel-SL Energy plans to raise Rs600mn by private placement of shares with QIB. (BL)
Maytas Infrastructure announced that its lenders have agreed to infuse Rs1bn capital along with restructuring of Rs16bn debt. (BS)
S Kumars Nationwide plans to raise Rs10bn through issue of shares on QIP basis to fund its expansion plans. (FE)
Drug price regulator, NPPA, issued notices to recover around Rs13bn from pharmaceutical companies for allegedly overcharging consumers. (ET)
Inflation remained in the negative territory for the 3rd week at -1.3% for the week ended June 20. (FE)
Economic survey 2008-09 reported a GDP growth of 6.7% after stimulus measures. (FE)
Economic survey has suggested allowing FDI in multi brand retailing. (FE)
Economic Survey re-iterated at divestment in profit making PSU’s, thus raising Rs250bn. (FE)
Economic survey suggested decontrolling of petrol prices. (FE)
Economic survey advocated bringing all regulators including commodities, FMC under SEBI. (FE)
Economic survey also indicated to phasing out of surcharges, cess and transaction tax and lift ban on farm futures, free sugar and fertilizer sectors. (FE)
Economic survey suggested major reforms in the telecom sector including auctioning spectrum for mobile services. (BL)
Economic Survey has recommended deregulation of coal sector by introducing 49% FDI. (ET)
Economic Survey has recommended implementing the GST throughout the country and also favors dual GST structure levied on both center and state. (BS)
MET department stated that the monsoon for the week ended July 1 was 29% below normal, improving from a 68% shortfall in the previous 7 days. (FE)
Ministry of road transport seeks fast track clearance for 30 public-private road projects. (BL)
The centre is planning to open the nuclear sector to private and foreign players. (BL)