Cairn India's 670km long crude carrier pipeline is nearing completion and will be commissioned next month. (BL)
Maruti Suzuki admitted to recalling 100,000 A-Stars which were manufactured before August 22, 2009 to replace faulty components that could cause fuel leakages. (BS)
HDFC has ruled out any immediate hike in its lending rates given the surplus liquidity in the system and low credit demand. (ET)
The Punjab government has cleared the phase-I of Super Mega Mixed Use Integrated Industrial Park being developed by DLF Home Developers Ltd over an area of 1,250 acres, with an investment of Rs27bn in Mullanpur Local Planning Area. (BS)
Public sector banks and insurance majors step in to salvage the FPO of state-owned Rural Electrification Corporation which closed with the issue being oversubscribed 3x. (BS)
Axis Bank’s private equity arm Axis Private Equity is mulling to separate itself from the parent company in the coming weeks - a move that is part of the group’s overall restructuring plan. (ET)
UK-based GlaxoSmithKline’s plan to buy about 5% stake in Dr Reddy’s Laboratories for US$150-160mn is stuck and unlikely to happen. (ET)
