L&T wins the Rs121bn Hyderabad metro rail project. (ET)
SBI merger with State bank of Indore approved by cabinet. Swap ratio of 34:100. (ET)
Tata Steel plans to raise annual production capacity up to 50mn tonnes from the present 30mn tonnes. (ET)
IOC plans to acquire oilfields in Africa as part of a US$1bn overseas investment plan. (BS)
IOC, HPCL and BPCL are expected to post net losses of nearly Rs100bn for the first quarter, which are unlikely to be compensated by the government. (BL)
US district court rules in favour of Sun Pharma, dismisses all of Taros claims. (BL)
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