Corporate Snippets

DLF arm buys out PE stake in group firm for Rs31bn. (BL)

TCS, Infosys, Wipro and IBM vie for Bharti Airtel outsourcing operations worth over a US$1bn. (ET)

NTPC may raise US$500mn through external commercial borrowings this financial year. (BS)

EID Parry (India) says it has entered into an agreement with the promoters of GMR Industries, the agri business arm of GMR Group, to buy 51% of their stake in the company. (TOI)

ICICI Bank has brought back its special home loan offer following rival and mortgage major HDFC’s move to relaunch a similar product last week. (TOI)

Pantaloon Retail says the company will demerge three of its businesses, including that of food, into two of its subsidiaries. (TOI)

NTPC has missed its capacity addition target by almost 50% in 2009-10 by adding only 1560MW, as against a target of 3,330MW. (DNA)