± Tata Steel plans to raise Rs35bn-50bn via follow-on public offer (FPO). (BS)
± Reliance Industries has opposed the proposal of a new pipeline from Kakinada to Srikakulam floated by Andhra Pradesh Gas Infrastructure Corporation (APGIC). (BS)
± The Hero group plans to enter the three-wheeler business, pitting itself against market leader Bajaj Auto. (ET)
± Edelweiss Capital said its subsidiary is targeting to lend about Rs50bn for retail housing over the next five years. (ET)
± Sterlite Technologies has arranged Rs7bn worth of funds for its mega transmission project connecting North-east with the Northern states India. (ET)
± ONGC has demanded that the royalty it pays on crude from Cairn's oilfields in Rajasthan be added to the project cost. (ET)
± American oilfield service provider Schlumberger has executed ONGC contract for drilling country’s first shale gas well in Damodar Valley. (ET)
