Corporate Snippets

Tata Steel is in talks with banks to raise between US$4.5-US$5.5bn loan to refinance debt at its European unit Corus, (BS)

Tata Steel raised Rs7bn by selling shares of Tata Motors and Tata Power to a group company, Tata Industries. (ET)

Tata Steel plans to buy a ferrochrome mine in South Africa for captive use of its ferrochrome processing unit, Tata Steel KZN in that country. (BL)

BHEL to enter JV with Kerala government. (ET)

BHEL and BGR Energy are in race for two orders worth Rs120bn from Rajasthan government.
Cairn India to pay taxes due in India, UK on Vedanta deal. (ET)