L&T has scaled down its initial investment plan for the ship building yard and minor port complex at Ennore from Rs25bn to Rs15bn. (ET)
L&T in race for KIOCL's Rs3bn order for construction of the ductile iron spun pipe plant. (BS)
Indian IT majors – Infosys, TCS and Wipro – are likely to bid aggressively for the Rs25bn e-maintenance contract of Indian Air Force. (FE)
TCS plans to reinforce its product line to boost its offering and ensure growth. (ET)
Tata Steel has over US$2bn in cash to fund its growth plans. (FE)
Tata Steel’s July sales increased by 18% to 0.5mn tons. (FE)
Tata Power plans to invest Rs236bn over the next three years to expand its generation capacity. (ET)
Aditya Birla Nuvo to deploy surplus cash in new-age biz like Financial services, BPO, telcom and IT. (BS)
Arcelor Mittal plans to source equipments for its greenfield projects from India and China. (ET)
Punj Lloyd plans to raise Rs6.7bn through a private placement with QIBs. (ET)
US based ATC, Crown Castle, Bharti Infratel and Tata Quippo are shortlisted for buying out Aircel’s tower business in a deal worth US$1.5-2bn, RCom arm fails to qualify. (ET)
US Court to hear Glenmark’s patent dispute on August 19. (ET)
Thermax bagged US$20mn from Egypt based cement maker for installing an air pollution abatement system. (FE)
Telenor, which owns 67.2% stake in Unitech Wireless, plans to launch its operations in India by end of this year. (FE)
T Rowe Price is set to pick up 26% stake in UTI at Rs200/share, 20% lower than the price informally offered by LIC and SBI. (ET)
REC to lend Rs40bn to MAHATRANSCO over the next three years. (ET)
TTML is looking for partners to sell its 49% stake in its tower arm and wholly owned subsidiary, 21st Century Infra Tele. (FE)
TTML bets big on GSM and broadband services. (ET)
GlaxoSmithkline Consumer Healthcare plans aggressive acquisitions and new products introduction to double revenues. (ET)
Radico Khaitan has entered into a tie-up with the Chennai-based SNJ Distillers Pvt. Ltd to bottle a new brand of rum and brandy. (BL)
Godrej Industries said it is open to diluting stake incase it finds a good acquisition opportunity. (ET)
Elder Pharmaceuticals is in talks with PE companies to raise Rs1.5bn. (ET)
Bhusan Power and Steel plans to invest Rs30bn to add 250MW capacity to its existing power plant and to increase the production of value added steel at its Orissa plant. (ET)
Inflation for the week ended June 25th stood at -1.58% against 12.53% last year, but food prices continued to surge. (ET)
Government plans to set stiff new terms for the pricing and marketing of oil and gas from exploration block that are due for auction. (ET)
Indian mobile operates added 12mn subscribers in June taking the total base to 427.3mn. (ET)
TRAI says that guidelines for number portability are likely to be ready by August end. (ET)
Indian monsoon rains were 64% below normal during the week ended August 5th, a critical crop week. (ET)
Government will give Rs25.5bn financial help to domestic textile firms for upgrading their manufacturing units. (ET)
NPPA has revised prices of 887 drugs including steroids, insulin, vitamins and painkillers. (ET)
Q1 FY10 job losses in the country touch 0.2mn. (FE)
Government has deferred the introduction of the controversial Land Acquisition (Amendment) and Rehabilitation and Resettlement bills. (FE)