Hedge fund DE Shaw may retain a partial stake in DLF Assets.(BS)
Bharti Airtel and South Africa’s MTN are likely to announce the fate of their negotiations today.(TOI)
TCS and Wipro apart from several others are in pursuit of Rs25bn outsourcing contract of the railways. (ET)
Financial Technologies plans to divest 52% in the MCX-SX bourse by September-end. (ET)
Hindustan Unilever drops plan to sell South Mumbai headquarters. (ET)
SAIL registers 14% growth in steel production at 1.08mt in July over the year-ago period. (ET)
Maruti Suzuki posts 33% yoy growth in car sales in July.(BL)
Hero Honda reports sales of 0.37mn units in July.(BL)
TVS Motors reports 20.4% yoy fall to 42,998 units in motorcycle sales in July.(BS)
Bajaj Auto plans to launch its second new motorcycle for the year creating a new category or segment in the motorcycle market. (BS)
DLF plans to launch 16mn sq ft of residential space in the current fiscal.(ET)
Unitech to raise Rs10bn via QIPs for fresh investment.(FE)
Ranbaxy secures an approval from the Himachal Pradesh government to build a new drug manufacturing facility in Baddi.(BS)
JP Associates plans to invest Rs10.5bn for setting up a Greenfield cement plant in Assam. (BS)
Lanco Infratech to mop up US$100-150mn through QIP route. (ET)
Bank of India cuts deposit rates by 0.25-0.5% across various tenures, effective from today.(BS)
JK Tyre plans to set up radial unit in Tamil Nadu for an investment of Rs16bn. (ET)
Tata Steel plans to produce half the iron ore and coking coal for Corus by 2012. (BS)
Tata Motors edges closer to signing a financial aid package with the British government for its struggling UK subsidiary Jaguar Land Rover. (BS)
Dabur India has forayed into the premium skincare market by launching a new product range.(BS)
Air India is mulling canceling delivery of six Boeing-777 long-haul aircraft.(BS)
Essar Oil acquires 50% stake in a 4mn tonnes oil refinery in Kenya. (BS)
Hindalco plans to raise funds through GDR issue. (BS)
ONGC gets government approval to partner L N Mittal for buying 25% stake in Kazakhstan’s prospective Satpayev oilfield in the Caspian Sea.(BS)
Power Finance Corporation to approach banks and financial institutions to raise Rs900bn as part of the National Electricity Fund. (BS)
Andhra Pradesh government seeks to blacklist IVRCL.(DNA)
TVS group commences manufacturing tubes from its new plant at Pantnagar in Uttarakhand, from July.(BS)
IOC raises jet fuel prices marginally by 1.6%.(BS)
JSW Energy may go for an IPO to raise funds for its plans to step up power generation capacity to 12,000 Mw from the present 800 Mw. (BS)
Foreign exchange reserves rose by US$1.5bn to $268bn for the week ended July 24.(BL)
DoT proposes to EGoM to auction all the spectrum available in one go but to limit the number of operators to four.(BS)
DoT suggests WiMax base price at 25% of 3G reserve.(BL)
Government mulling incentives for services sector in the Foreign Trade Policy, expected to be announced in mid-August.(BS)
RBI has further extended interest subsidy to exporters by another six months.(ET)
Power Ministry to move SC on KG-D6 basin gas.(FE)
DoT rejects TRAI call on spectrum management.(FE)
The government may levy a 10% royalty on iron ore on ad valorem basis. (BS)
Union government to extend duty-free import of raw sugar for another eight months.(ET)
The Federation of Indian Airlines calls off its decision to suspend domestic operations on August 18. (BS)
The government withdraws tax concessions enjoyed by consortiums of foreign and Indian engineering firms that undertake infrastructure projects. (ET)