± Kotak Mahindra Bank raised its base rate and benchmark prime lending rate by 25 basis points with immediate effect. (BL)
± Religare Enterprises is close to buying 85% of the Ajay Piramal Group-promoted real estate fund Indiareit Fund Advisors, valuing the entire fund at around Rs2.5bn. (ET)
± Jet Airways and Air India, India’s two large carriers, are leasing 35 Airbus aircraft in a deal valued at US$5bn. (ET)
± United Phosphorus has firmed up plans to launch a clutch of new branded hybrid vegetable seeds, ranging from tomatoes to green peas, next year. (BL)
± CARE has reaffirmed its ‘AAA' rating of LIC Housing Finance's debt instruments. (BL)
± CESC plans to have 500 MW hydroelectric generation capacities — through greenfield ventures or acquisitions — in the North-East and North India in the next six years. (BL)
± Welspun Corporation has bagged contracts worth Rs16.7bn from international markets. (BS)
