± Tube Investments of India is planning to set up green field facilities to manufacture bicycles, tubes and chains. (BS)
± Jaguar Land Rover, owned by the Tata Motors, is investing US$8.2bn in product development and new equipment over the next five years. (BS)
± Adani's Mundra Port and SEZ to complete Abbot Point acquisition by June. (BS)
± Canara Bank is planning to raise US$150mn by way of medium-term notes in the near future. (DNA)
± Lupin looks for a second acquisition in Japan for US$50-100mn. (BS)
± Temasek Holdings decides to drop its plans to buy private equity major TPG Capital’s stake in Shriram Transport Finance. (ET)
± Piramal Health enters financial services sector by announcing plans to launch two non-banking finance companies. (BS)
± ICICI Bank and Union Bank increased lending rates by 50bps. (TOI)
± LIC increases stake in BHEL to 9%. (FE)
