± Rural Electrification Corporation plans to raise US$700mn through External Commercial Borrowing (ECB) and Export Credit Assistance (ECA). (BS)
± BP Plc has joined the race with RIL to acquire a majority stake in Canadian oil-sand major, Value Creation, with an offer of US$1.2bn. (BS)
± PVR Cinemas has decided to terminate its agreement to acquire real estate developer DLF’s exhibition hall business, DT Cinemas. (BS)
± Ballarpur Industries has put in a bid close to US$200m for acquiring Malaysia’s largest integrated paper manufacturer GS Paper & Packaging Group (ET)
± Indiabulls Real Estate is considering the demerger of its wholesale trading business, to unlock value from the venture. (BS)
± Work on Jaypee Power Ventures Limited (JPVL)’s, a subsidiary of Jaypee Group, 2,700MW hydro project in Arunachal may commence by 2011. (BS)
± SBI to provide interest-free seed capital of upto Rs1m to aspiring entrepreneurs under a new scheme – SBI SMILE. (ET)
± Shoppers’ Stop plans to add 1mn sq ft over the next three years. (BS)
± Bharat Electronics is likely to end the present financial year with an order book of over Rs120bn, a growth of 20% during the year. (BS)
