SBI will raise Rs100bn through bonds to augment its capital base to meet the growing business requirements. (BS)
± M&M said it plans to launch 8-10 new products, including a premium sports utility vehicle, across various segments by March 2012. (ET)
± M&M announced the launch of the Genio, its next generation commercial vehicle, in Chandigarh. (BS)
± M&M has formed a core committee to expedite the integration with Ssangyong Motors as it receives creditors’ approval to buy out 70% stake in the Korean sports utility vehicle maker. (ET)
± HDFC has entered the booming Indian education sector by picking up a stake in Indus World Schools, which is promoted by education company Career Launcher. (BS)
± HDFC has increased its retail prime lending rate by 25bps to 15.25%. (BS)
± DLF Ltd said that the company and its 22 subsidiaries have received an additional tax demand of Rs 11.8bn from Income-Tax authorities during December quarter. (BL)
± Glenmark Pharmaceuticals has started manufacturing samples at its new plant in Indore.(ET)
± US court lifted an injunction and cleared the sale of Dr Reddy's drug. (BS)
± Bank of India said it would raise Rs300mn by way of issuance of fresh shares on a preferential basis or by offering global receipts.(FE)
