± Coal India to acquire Massey Energy, the fourth-largest coal company in the United States, in its entirety. (BS)
± State Bank of India has raised 750 million euros through global capital markets to fund euro-denominated assets. (BS)
± The finance ministry has agreed to compensate Rs130bn to oil marketing companies, IOC, HPCL and BPCL, for the losses they incur this fiscal due to selling diesel and cooking fuel below cost. (FE)
± HPCL and its partners will divest 40% of their stake in a gas bearing block in offshore Australia to US based Apache Corp. (FE)
± Nestle has increased its stake in its Indian arm by 0.8% through stock market purchases during the quarter ended September. (ET)
± Dr. Reddy’s Laboratories has bought GlaxoSmithKline’s oral penicillin facility and products in the US for an undisclosed sum. (ET)
± GMDC has extended the deadline to submit Expression of Interest (EoI) for its 1 million tonne per year (mtpy) alumina refinery and 0.5 mtpy aluminium smelter by another week. (BS)
± M&M will pay Rs21bn for a controlling stake in Ssangyong Motor. (ET)
