± SAIL says hike in excise duty will be passed on to customers resulting in a Rs500-600 per ton price hike on long products. (BL)
± Bhushan Steel plans to invest about Rs280bn to set up a value-added steel plant in Karnataka. (DNA)
± Maruti Suzuki would raise prices between Rs3,000 to Rs13,000 across various models, with immediate effect. (DNA)
± Cement companies across all regions have increased prices in the range of Rs10-12 per bag to offset the twin effects of hike in excise duty and rise in diesel rates. (ET)
± RIL is on the verge of losing its bid for bankrupt petrochemical company Lyondell-Basell, as it baulks at rising valuation due to the recovering global economy. (ET)
± Coal India will increase its spending by three times to Rs98bn in the next financial year, primarily to fund its expansion and acquisition programmes. (FE)
± Hindustan Dorr-Oliver has acquired Sheffield-based DavyMarkham, a 180-year-old company involved in design, manufacture and assembly of large equipment used in mining, power, oil, gas and nuclear sectors. (BS)
± Tata Steel rules out raising equity to meet covenants. (BS)
± MphasiS Ltd is scouting for a company with revenues in the region of US$45-60mn and having a good presence in the cloud computing space, with a view to growing its Infrastructure and Technology Outsourcing (ITO) business. (BS)
± SAIL to spend ~Rs123bn in the next financial year largely to fund its mega expansion programme. (FE)
± Bhushan Steel would spend Rs280bn to build a 6 lakh tonnes steel plant in the Bellary region of Karnataka. (ET)
± Nabard plans to provide Credit Plus services through the Farmers’ Clubs. (BS)
