± GAIL has entered into an agreement with ONGC, under which it will exclusively purchase and market the natural gas produced from the latter’s various fields during the next three years. (BS)
± HDFC Bank has raised interest rates on retail term deposits by up to 1.25% across various maturities. (ET)
± Kotak Mahindra Bank has increased interest rates on retail term deposits of various maturities by up to 0.50%. (ET)
± Reliance Industries is mulling the establishment of a US$1.2bn liquefied natural gas import terminal on either the East or West Coast to meet demand at its refineries and petrochemical plants. (FE)
± Jindal Power plans to launch its initial public offer to raise Rs72bn by May, 2011. (ET)
± Dabur has completed the acquisition of the US based personal care firm Namaste Group for US$100mn. (ET)
± Coal India will enter into contracts with private firms to develop underground coal gasification projects and set up at least one 50:50 joint venture to create marketing infrastructure and sell the gas. (ET)
± IOC is looking at increasing its imports from Angola in southern Africa. (BS)
± KEC International has bagged three substation orders worth Rs9.8bn from Kazakhstan Electricity Grid Operating Company and Power Grid Corporation of India. (ET)
± Larsen & Toubro has bagged Rs11bn order from various power plant developers, including Maithon Power, Nebha Power, Balco and Sterlite Energy. (ET)
