Corporate Snippets

HDFC Bank, Lakshmi Vilas Bank and Central Bank set off a round of deposit rate hikes. (ET)

EGoM cancels KG gas allocation for ONGC. (DNA)

NTPC’s merchant power business plans to get government nod. (BL)

Adani Enterprise to invest Rs65bn in coal mining. (BL)

Yes Bank to raise Rs4.5-5bn in Q2 to fund its business growth. (BL)

Patch of Maruti Suzuki’s largest selling car Alto produced in April this year is facing a potential engine oil leakage problem. (ET)

Reinsures have settled Aban’s US$235mn claims for its semi-submersible rig. (ET)