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Tata Power in talks to buy majority stake inInterGen. (ET)
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Tata Steel is in talks with banks to raisebetween US$4.5-US$5.5bn loan to refinance debt at its European unit Corus, (BS)
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Tata Steel raised Rs7bn by selling shares of Tata Motors and
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Tata Power to a group company, TataIndustries. (ET)
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Tata Steel plans to buy a ferrochrome mine in South Africafor captive use of its ferrochrome processing unit, Tata Steel KZN in thatcountry. (BL)
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BHEL to enter JV with Kerala government.(ET)
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BHEL and BGR Energy are in race for two orders worth Rs120bn from Rajasthangovernment.
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Cairn India to pay taxes due in India, UK on Vedanta deal. (ET)
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Piramal HC completes US$3.7bn deal with Abbot.(ET)
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Wipro may hike client billing rates. (ET)
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Royal Orchid Hotels acquires 74% in AmartalaHospitality. (DNA)
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HUL, P&G hikes prices of detergents. (DNA)
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Sun Pharma is closing in on TaroPharmaceuticals with Israeli SC ruling. (ET)
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GMR Infra near aero SEZ deal with AugustaWestland. (DNA)
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REC plans SPV with a global bank forbanking license. (ET)
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FrenchCompany, Accelya is close to acquiring a controlling interest in Kale Consultants. (ET)
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REC will seek the Reserve Bank of India’sapproval to increase the stake of foreign institutional investors in it to 35%.(BS)
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Hindustan Copper is in talks with theKarnataka-based Hutti Gold Mines to form a joint venture for reviving coppermining activities. (BS)
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M&M has completed filing in the US to dismiss a lawsuit filed by its former US distributor,Global Vehicles Inc, the latter has charged M&M with interfering inrelationships it has with auto financiers. (BS)
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NMDC will initiate talks with Australia’sRiversdale Mining for picking up a minority stake. (BS)
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Russia government is picking up a minoritystake in Sistema-Shyam for~US$600mn. (ET)