± SAIL in talks with Japanese, Korean companies for value-added steel. (BL)
± NTPC is planning to step up its negotiated purchase of low-ash Ranigunj coal from Coal India from 2.5mn tons to 5mn tons. (BL)
± The TDSAT has directed Reliance Communications to pay in a week principal amount and 50% of the interest demanded by the telecom department for access deficit charge for walky service. (BL)
± Abbott Laboratories has settled a patent litigation case against Ranbaxy, allowing the firm to launch a generic version of the US drugmaker’s cholesterol lowering medicine Tricor. (ET)
± JSW Steel ropes in SBI, Bank of India to refinance US$2.2bn Ispat debt. (ET)
± The government plans to infuse Rs9.07bn as equity capital into two PSU lenders Dena Bank and Vijaya Bank as part of recapitalisation package to shore up equity capital. (BL)
± HDFC has no plans to raise its stake in private lender Ratnakar Bank. (BS)
± ONGC expects to increase its daily gas production by 2mn standard cubic meters and 9,400 barrels of associated oil per day initially from KG—Basin once the two offshore blocks — G1 and GS—15 starts production from May. (BL)
± Hindustan Copper may sell 20% in 2 mines to Nalco. (ET)
± Andhra Bank plans to raise Rs6.18bn by way of allotting preferential shares to the Government of India. (BL)
± Finance, Steel Ministries differ over SAIL FPO. (BS)
