Corporate Snippets

HDFC Bank and Kotak Mahindra Bank plan to raise car loan rates by at least 0.5% in the next few days. (ET)

PE fund TPG Capital and a US-based global energy fund are in separate talks with Suzlon to acquire up to 25% stake in its German wind energy subsidiary, REpower Systems, for US$500mn. (ET)

Unitech is all set to explore possibilities for acquiring new projects in the coming months. (BS)

NTPC may offer equity stake to Qatar Petroleum in its gas-based projects. (BS)

Vedanta Resources Plc is looking for a "majority stake" in Cairn India. Vedanta Resources is negotiating with Cairn Energy Plc, the British company owning 62.4 per cent in Cairn India, for a controlling stake. (BS)

The government is unlikely to clear Vedanta Resources' acquisition of majority stake in Cairn India in a hurry. (BS)