Corporate Snippets

ONGC has begun shale gas exploration by drilling the first well in eastern India. (BS)

SEBI has rejected a proposal by MCX-SX, promoted by Financial Technologies to launch stock and debt trading platforms. (ET)

JSW Steel and Japan’s JFE Holdings are considering setting up a plant for hike grade electrical steel. (ET)

LT has formed a JV with South Africa Befula Investments for power transmission and distribution in South Africa. (ET)

EIH will raise upto Rs13bn through a right issue. (ET)

Kingfisher Airlines says it has cleared all the dues to the oil marketing companies. (ET)