± NTPC to soon approach the government for reconsideration of the decision to scrap the power producer's 600MW Loharinag Pala hydro-power project in Uttarakhand. (BS)
± Hindalco’s US subsidiary, Novelis plans to refinance its debt by raising US$4bn. (BS)
± Nuclear Power Corporation is in talks with Coal India on plans to enter the atomic power sector through a joint venture. (BS)
± HDFC Bank hikes deposit and lending rates by up to 75 basis points. (ET)
± Bank of Baroda hikes deposit rates by 25-75 basis points across various maturities. (BL)
± Reliance Infrastructure to have eight toll roads by March that will generate revenues of Rs10bn in fiscal 2012. (BL)
± ITC to resume cigarette manufacturing only after receiving a `formal notification' from the Government on the pictorial warnings that need to be used on such products. (BL)
± ONGC expects to ship the first 363 MW turbine built by General Electric for the proposed 726 MW (2x363 MW) gas-based ONGC Tripura Power Company by February. (BL)
± BHEL is close to wrapping up a JV agreement with Japan's Toshiba Corporation for manufacturing high-end transmission and distribution equipment. (BL)
