L&T seeks SEBI nod to exit Mahindra Satyam. (BL)
L&T has bagged two projects worth Rs8.5bn. (BS)
BHEL has secured an order of Rs26bn from Jindal India Thermal Power. (BL)
Infosys and Wipro don’t have any immediate plan to create new facilities in Kolkatta. (BL)
GMR plans to grab opportunities in Rs1trn road project to be offered by NHAI. (FE)
MTNL to rent out vacant building space in seven of its properties in and around Mumbai. (BL)
Tata Communication get Russian license for long distance services. (BL)
Lanco Infra to raise Rs7.3bn through a QIP issue on a private placement basis. (BL)
Madras Fertilizers hopes to get government guarantee for feed stock supply. (BL)
Essar Group plans to sell stake in Essar Telecom Infrastructure. (ET)
DLF is looking to exit its life insurance JV with Prudential Financial. (ET)
Tata Group is planning to buyout AIG stake from the life insurance JV Tata AIG Life. (ET)
Wipro may bag big ticket deals each valued over US$100mn in Q2 FY10. (ET)
RPower has kick started the process of inviting bids for EPC contract for Dadri project. (ET)
Dish TV to shut sales in Uttar Pradesh from October. (ET)
Jet Airways to cut 2,000 jobs in phases. (ET)
Retailers in Maharashtra have threatened to boycott whisky brands of United Spirits. (ET)
Canara Bank to cut auto loan rates. (BS)
IOC has received major financial incentive from Orissa Government for its Paradip refinery. (FE)
Tea production up by 12% yoy in June. (BL)
Textiles export to US slip 12% yoy in H1 CY09. (BL)
Power deficit in the country has risen to a 5yr high in June. (BS)
Weightage of food product in the new WPI (2004-05 base year) is expected to reduce as weightage of primary goods is likely to fall from 22.02% to around 10%. (BS)
July truck sales see first rise after year of decline. (FE)