Maruti Suzuki launched a refreshed model of its Alto. The new Alto 800, available in six colours and three variants, is priced between Rs2.44lakh and Rs3.56lakh (ex-showroom Delhi). (BL)

Reliance Infrastructure has started widening and tolling of the Delhi-Agra road. The project is being undertaken through a special purpose vehicle, DA Toll Road Private Ltd. (BL)

Maruti Suzuki India expects the Manesar plant to reach to full production within next 2-3 days with the commencement of second shift operations. (BL)

GMR Group is willing to pick up the equity stakes of its joint venture partners — German airport Fraport and Eraman Malaysia — which want to pull out of Delhi International Airport Ltd, the company that runs Delhi airport. (BS)

Welspun Corporation intends to buy back convertible bonds worth US$150mn, carrying a coupon rate of 4.5%. (BS)

Essar Ports has approached the Reserve Bank of India to allow the company as a special case to raise around Rs15bn through external commercial borrowing route to part refinance its Rs36bn loan. (BS)

Jain Irrigation Systems Ltd approved the raising of about Rs6bn through a combination of preferential issue and foreign currency bonds. (BS)

The Aditya Birla Group has revived negotiations to buy out Jaiprakash Associates' cement plants in Gujarat and Andhra Pradesh after Irish company CRH called off talks with company. (ET)

Volvo-Eicher Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, plans to invest about Rs25bn by 2013 as part of the Volvo’s push to make India a global development and manufacturing hub. (ET)

ONGC and GAIL India Ltd have evinced interest in picking up stake in the Rs50bn Kochi petrochemical project that Bharat Petroleum Corp Ltd is building in joint venture with Korea’s LG Chemicals. (BL)

The Government has cancelled Adani Group’s special economic zone in Mundra (Gujarat) for alleged violation of three SEZ rules. (BL)