± Jindal Power, a unit of Jindal Steel & Power, plans to mop up Rs70bn via IPO in March-April. (BL)
± JSW Steel plans to infuse Rs38bn in Ispat Industries over the next two to three years. (BS)
± ONGC has suggested a fresh crude oil matrix-based subsidy sharing formula to the petroleum ministry. (BS)
± ING Vysya Bank has raised term deposit rates across various maturity buckets by up to 1%. (BS)
± Essar Oil has "re-engaged" in discussions to buy Royal Dutch Shell Plc's three European refineries, although refused to put a timeline for conclusion of the deal. (BS)
± REpower Systems, subsidiary of Suzlon Energy, has bagged a contract for supplying 150 wind turbines to Canada-based Saint-Laurent Energies. (BS)
± Essar Steel to formalise its partnership with Kobe of Japan into a JV agreement for producing auto grade steel at the Hazira plant in Gujarat. (FE)
± Tata Communications has entered into an outsourcing agreement with Cananda-based Videotron under which the later will route the entire international voice traffic though the Tata group firm's network. (ET)
± In a directive by US jury, Glenmark Pharma has been stopped from selling a copy of Abbott Laboratories’ hypertension drug, ‘Tarka’ . (BS)
± With increase in rubber prices, JK Tyre has decided to hike price of its products by 2-4%. (ET)
± Essar Oil plans a 35-day shutdown in May-June at its 280,000 bpd Vadinar refinery in western India to add new units for raising the plant's capacity to 360,000 bpd. (ET)
