± Dutch firm Lyondell Basell Industries’ agreement with its creditors, that will help its emergence from Chapter11, could hit Reliance Industries plans. (FE)
± Government has demanded another US$2.7mn from Reliance Industries towards royalty and profit petroleum payments on gas produced from the Krishna-Godavari (KG) D6 for the six-month period from April-September 2009, arguing that the company did not take into account the marketing margin it levies while calculating the dues. (ET)
± Bharti Airtel said the acquisition of Zain Group's African assets would result in a total payout of US$9bn, which includes any loans payable by the operating companies to Zain Group. (BL)
± TCS said it will review salary increment plans by this month-end, as signs of revival of demand in the sector get stronger by the day. (ET)
± Entering the business of combat vehicles manufacturing for the defence sector, Tata Motors plans to bid to supply light bullet-proof vehicles to the Indian Army, with a possible order size of Rs3.5bn. (BS)
± Tata Motors said it has cut production by about 5-10% in its commercial vehicle business since January due to shortage of key components like trucks/bus radial tyres. (BL)
± Tata Motors plans to increase prices of its commercial vehicles by 1-2% from April when the new emission norms become effective. (ET)
± Tata Motors is looking to offload stake in its finance arm, Tata Motors Finance. (ET)
± Italian defence and aerospace manufacturer Finmeccanica unit AgustaWestland and Tata Sons signed a JV to assemble AW119 helicopters in Hyderabad. (BS)
± BHEL will sign a MoU with Japan's Toshiba Corp for a transmission and distribution joint venture to offer turnkey services in the country’s power transmission sector and set up focus on the distribution segment as well. (BL)
