Corporate Snippets

Tata Motors is looking at raising up to US$1bn to fund its various expansion programmes. (FE)

L&T plans to launch a bank to gain access to cheap funds and scale up its presence in infrastructure financing. (ET)

Tata Power is in talks to buy a 50% stake in the power utility InterGen NV. (ET)

NTPC will now offer gas producers stakes in its power projects to ensure long term fuel supply (ET)

M&M is one of the contenders for Scooters India JV. (FE)

GAIL is planning to put up a gas-based power plant each in Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh. (BS)

M&M would set up an assembly line at its Chakan plant for making Ssangyong sport utility vehicles (SUVs). (BS)