± The Comptroller and Auditor General of India is finalising a report that questions the government’s move to allow Reliance Industries to increase its expenditure in developing the D-6 field in the Krishna-Godavari basin by over US$6bn. (ET)
± RPG Group company Phillips Carbon Black (PCBL) has indicated that the company is in the race for the US$1.2bn carbon black division of Germany’s Evonik Industries. (BS)
± Private equity firm Bain Capital LLC and Government of Singapore Investment Corporation (GIC), a sovereign fund owned by the government, are close to picking up part of Honda’s 26% equity stake in the world’s largest two-wheeler manufacturer Hero Honda. (BS)
± HCL Infosystems has bagged Rs25bn project from state-run telecom firm BSNL. (BL)
± PNB has hiked its base rate as well as benchmark prime lending rate (BPLR) by 50bps each. (BL)
± The environment ministry has imposed 61 conditions before giving approval to South Korean steel major Pohang Steel Company’s (Posco) US$12bn steel plant. (BS)
