± Siemens sells its 8-acre land parcel in Bangalore for Rs3.8bn to realty developer RMZ Corporation. (ET)
± Government nod for the Cairn-Vedanta deal will take more time with the ministry of petroleum and natural gas conveying pre-conditions for an approval to the companies. (BS)
± RCom and Bharti, have approached the government seeking to prematurely exit from the rural telephony scheme under the USO subsidy without fulfilling the commitment they had made by winning bids in 2007 to provide telecom services in villages. (BL)
± Mozambique has awarded Jindal Steel & Power a 25-year licence to explore and mine for coal in the northwest Tete province, in return for a US$180mn investment. (DNA)
± Bank of Baroda increased the minimum lending rate by 50bps to 9.5% and the BPLR by 50bps to 13.8%. (ET)
± Hindustan Unilever says there could be further price hikes in its products as input costs particularly that of commodities continue to rise. (FE)
± Lakshmi Vilas Bank plans to dilute 40% equity to raise Rs3.5bn from a share sale to boost its capital and raise lending. (ET)
± Indian Overseas Bank plans to launch a financial services subsidiary in FY12, besides setting up exclusive branches to give gold loans. (ET)
