± BHEL has bagged Rs122bn equipment supply contract from Rajasthan state utility, Rajasthan Vidyut Utpadan Nigam, beating competition from Chinese supplier Dong Fang. (FE)
± HDFC plans to sell US$1.5bn one-year bonds. (FE)
± Tata Steel plans to issue 57 million shares through FPO. (FE)
± Singtel hikes stake in Bharti Airtel to 32.2%. (ET)
± Essar Oil has started gas production from its Raniganj CBM block in West Bengal. (BS)
± Apollo Tyres has decided to increase its investments into the Chennai factory to Rs21bn /Rs 23bn as against its originally committed investment of Rs4.5bn announced in August 2006. (FE)
± iGate made an open offer to acquire another 20.6% in Patni Computer Systems. (BS)
± Allahabad Bank will be raising capital of Rs26bn under Tier-II during the current quarter. (FE)
± Biocon’s initial data from late stage clinical trials on its experimental oral insulin drug for diabetes did not meet the desired results. (FE)
± Norges Bank, on behalf of the Norwegian Government Petroleum Fund has mopped up additional shares in Lanco Infratech. (FE)
