Bajaj Auto targets sales of 4mn bikes and three-wheelers in 2010-11, a near 40% jump from this fiscal's expected close of 2.9mn units. (BL)
Commissioning of Adani Power’s 3,300MW power plant at Tiroda in Maharashtra runs the risk of getting delayed for want of fuel due to an environment hurdle in mining coal. (ET)
Korean steel major Posco and SAIL have initiated talks to set up a steel plant under the joint venture route near state-owned company’s existing steel making facility at Bokaro in Jharkhand. (ET)
SAIL and Shipping Corporation of India will shortly sign 50:50 joint venture; a proposal that was hanging since June 2008. (BL)
Unitech plans to demerge its non-core businesses, like telecom, from the company to unlock value for shareholders. (BS)
ITC plans to open 25 new hotels under the Fortune brand during the next 12-18 months. (BS)
The income tax department conducted a search at offices of Punj Lloyd till late on Wednesday. (BS)
Punj Lloyd secured a letter of award for EPC of NGI (Mixed Case) Project in UAE from Abu Dhabi Gas Industries Ltd for a value of US$40mn. (BL)
