Corporate Snippets

Tata Motors has successfully completed its qualified institutional placement of shares aggregating US$750mn. (ET)

Bajaj Auto said it has hiked the prices of almost all of its models by up to 2% with effect from October 1. (ET)

Axis Bank has received RBI nod to set up a subsidiary in the UK. It has also got the central bank's permission to upgrade its presence in Shanghai from a representative office to a branch. (BL)

Cairn India Ltd raised Rs22.5bn through sale of bonds. (BS)

Jaiprakash Associates has entered into an agreement with M/s Dighi Port Limited for setting up a port based cement grinding plant in Kutch district, Gujarat. (BS)

Lanco Infratech said its arm Lanco Kondapalli Power Pvt Ltd has received loan worth Rs18.3bn from a consortium of banks and financial institutions. (FE)