Vedanta Resources has agreed to acquire a majority stake in energy explorer Cairn India for up to US$9.6bn in cash. (ET)
A four-member panel appointed by the Union ministry of environment and forests (MoEF) has told MEF it would be illegal to allow Vedanta-owned Sterlite Industries to conduct bauxite mining operations on the Niyamgiri hills at Kalahandi district in Orissa. (BS)
SBI has raised its benchmark prime lending rate by 50bps to 12.25% effective Tuesday. (ET)
Lanco Infratech has targeted a capex plan of Rs240bn for increasing its power generation capacity to 9,300MW. (ET)
Siemens has bagged a 10mn euro order from SAIL to supply an RH vacuum degassing plant to the Rourkela Steel plant. (ET)
JOIN US!!
Send SMS for "STUDY" on 09825677777