± Tata Steel is in negotiations to dispose off its South African plant and assets to raise upwards of US$150mn in cash. (ET)
± ONGC approves stock split and a bonus share issue. (BS)
± NMDC’s proposed JV with Russia’s Severstal will give the latter direct access to the Indian steel market while also diversifying the local mining company into steelmaking to boost revenues. (ET)
± TCS bagged an Rs850mn three-year deal for implementing smart card-based Financial Inclusion Solution for Indian Bank. (ET)
± UK’s drug regulator asks Ranbaxy to recall three batches of Pravastatin, its anti-cholesterol tablets, on failure to update safety warnings in its information leaflets. (BS)
± Coal India has put in a bid to buy US-based Sydney complex, an arm of Massey Energy, for about US$1bn. (ET)
± Tata Steel is contemplating the possibility of bidding for Ispat Industries. (ET)
± Fitch says the asset quality of SBI remains an area of concern due to its high non-performing loans. (ET)
± MoEF has accused Adani Group’s Mundra Port and Special Economic Zone of destruction of mangroves in Gujarat. (ET)
± ONGC Videsh hopes to sign an agreement to take a stake in the Trebs and Titov in the Arctic. (ET)
