Corporate Snippets

GVK to invest Rs10bn in Bangalore airport expansion. (BL)

NMDC may make a downward revision of ore prices for the October-December quarter, going by the present trends in the global market. (BL)

Bharti Airtel will invest US$150mn in Kenya to help boost network and capacity distribution. (FE)

Reliance Industries raises US$1bn to fund projects. (ET)

PowerGrid Corporation invites bids from banks to manage a 20% stake sale, in order to raise more than Rs75bn and comply with the new listing rules. (ET)

United Bank of India puts a ceiling on its lending rates at 14.25% a year. (ET)