ONGC and IOC are set to get approval from the government to spend five times more on acquisitions, giving them greater freedom to compete with China for assets. (BS)
NPCIL and NTPC have entered into an agreement to set up nuclear power projects, with the latter holding 49% stake in the JV. (BS)
NTPC and SAIL are expected to be permitted to make US$1.1bn takeovers without government clearance. (BS)
SAIL and Posco, who are in talks to jointly set up a steel plant in Jharkhand, are also exploring forming another JV to build a Rs10bn specialized steel mill in Maharashtra. (BS)
TCS has been shortlisted for another tender by the ministry of overseas Indian affairs along with Wipro and Spanco. (ET)
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