>> Realty firms told to recast target-linked FDI deals >> Govt plans new norms to tax profits by Indian firms abroad >> Tata Motors to hike vehicle output on Ace platform >> Dhanalaxmi Bank plans Rs 350 cr QIP fund-raising in July >> Welspun to invest Rs 300 cr to enhance production >> RIL entered [...]

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•    Suzlon Energy is exploring ways to raise finance, including private equity placement, for funding its operations and growth plans. (BS) •    KEC International had bagged two orders worth Rs. 2.91 bn from Power Grid Corporation of India. (BS) •    Areva T&D has bagged the first private sector ultra high voltage generator transformers order from [...]

Corporate News Headline •    Reliance Industries is planning to sell petrol and diesel from its twin refineries at Jamnagar in Gujarat directly to the US. (ET) •    Ashok Leyland has reduced its investment size and plans to save Rs. 10 bn in the next three years, as part of a conscious effort to trim its [...]

Corporate News Headline •    Maytas Infra has sought extension of time to achieve financial closure for the Rs. 121.32 bn Hyderabad Metro Rail Limited project. (BS) •    Maytas Infra has sought extension of time to achieve financial closure for the Rs. 121.32 bn Hyderabad Metro Rail Limited project. (BS) •    Bharat Petroleum sold Rs. 950 [...]

Corporate News Headline •    HCL Technologies signed a seven-year total IT outsourcing services engagement with Readers Digest Association worth USD 350 mn. (BS) •    ONGC has agreed to sell 19% stake in ONGC Petro-additions Ltd to GAIL for Rs. 124.4 bn. (BS) •    Essar Oil has deferred expansion of its Vadinar refinery in Gujarat by [...]

Corporate News Headline •    Tata Motors has entered into an understanding with State Bank of Travancore for financing its range of passenger vehicles. (BS) •    IIFCL is planning to raise USD 250 mn from overseas market for funding seven projects, including Reliance Power Sasan power project and Tata Power’s Mundra power project. (BS) •    National [...]

Corporate News Headline •    Tata Communications has dropped the option of rights issue as of now and will incur a capex of USD 400-500 mn in 2009-10. (BS) •    Nagarjuna Construction has bagged three new contracts aggregating Rs. 2.63 bn. (BS) •    Cairn India is planning to spend as much as USD 1.8 bn in [...]

Corporate News Headline •    KEC International has bagged three orders aggregating Rs. 3.65 bn from different vendors for construction of transmission lines. (BS) •    Satyam Computer has received approval from the SEBI to facilitate a global competitive bidding process which enables it to select an investor to acquire a 51% interest in the company. (BS) [...]

Corporate News Headline •    Tata Motors joined hands with public sector lender Punjab National Bank to provide financing facilities to consumers for its passenger cars. (BS) •    GAIL India has bought another liquefied natural gas cargo from Royal Dutch Shell for USD 8.30 per mn British thermal units and has booked two more for April [...]