± SAIL has initiated the process for its Rs70bn follow-on public offer and is planning to enter the market by March end or early April. (ET)
± The government will expedite a decision on the controversial US$9.6bn Cairn-Vedanta deal but it will not accept any deadline from private companies. (ET)
± NTPC has sought long-term pricing comfort from Petronet LNG Ltd. (BS)
± BHEL has announced it has successfully test run its first indigenously manufactured turbine developed in collaboration with GE of the US and plans to deliver two more units by the end of the current fiscal. (BL)
± IOC is losing a record Rs2.4bn per day on selling auto and cooking fuel below cost as government continues to bar it from raising rates in line with spurt in raw material cost. (ET)
± IOC has sought a full rollback of duty on crude to keep petroleum prices under check. (ET)
± Close on the heels of a settlement of a Class Action law suit in the US for US$125mn, Mahindra Satyam is planning to sue the former Satyam management and the company’s erstwhile auditor Price Waterhouse for a possible monetary damages claim. (ET)
