± Allahabad Bank has sought infusion of Rs 10bn from the government; bank is also planning to raise Rs14bn Tier-II bonds before the close of this fiscal. (BL)
± International Coal Ventures, an SPV formed by Steel Ministry to acquire coal assets abroad, and including SAIL, Coal India, NTPC, NMDC and Rashtriya Ispat Nigam, has a month's time to bid higher than US$3.9bn for Riversdale Mining. (BL)
± Welspun Infra Projects, a closely held entity of the Welspun Group, says it would acquire 35% stake in Leighton Contractors India, the Indian operations of Australian infrastructure major Leighton International, for Rs4.7bn. (BS)
± Coal India to start work in 2 Mozambique blocks next fiscal. (BL)
± GMR Infrastructure arm GMR SEZ & Port Holdings has entered into a share subscription agreement to subscribe to 51% in Kakinada SEZ. (BS)
± Tata Steel has decided to raise long-term funds of up to US$1bn by a way of share sale through the Differential Voting Rights route. (BS)
± Gujarat State Petroleum Corp. has struck a gas reserve in an on land exploration block at Ankleshwar in the state. (ET)
± Titan Industries plans to add around 108 outlets in its key verticals of jewellery, watches and eye-gear to reach a total strength of 700 by end the of this financial year. (BS)
