± ONGC is likely to invest up to US$20bn on its core upstream business over the next 10 years, to acquire oil and gas assets abroad. (BL)
± JFE may pick up 14% stake in JSW Steel. (TOI)
± Infosys could potentially face a tax liability of Rs1bn for alleged violations of SEZ rules at its Chandigarh SEZ. (FE)
± The government is considering up to 10% equity dilution in Nalco. (TOI)
± NMDC FPO issue subscribed 1.25x. (TOI)
± JFE Holdings is unlikely to buy stake in JSW Steel as has been stated earlier by both the companies, but rather in a SPV under which their Bengal project is coming up. (DNA)
± Tata Power plans to increase its wind and solar energy generation capacity to 2,000mw and 250mw. (ET)
± Godrej Consumer has entered into an agreement to acquire Nigerian beauty brand Turafor ~Rs4-5bn. (BS)
± TCS plans to finalise its wage and recruitment plans by April. (BS)
± Reliance Industries, IMG Worldwide enteres into an equal joint venture to build a professional sports business in India. (BS)
± DQ Entertainment fixes IPO price at Rs 80. (BS)
± Ranbaxy eyes 80% rise in income by end of 2012. (BS)
