After GAIL India Ltd, Gujarat government has sought Rs 66 bn from the Central government to partly fund two gas pipeline projects of its firm GSPL including one taking the fuel to Jammu and Kashmir. (ET)
Government has in-principle approved strategic disinvestment of loss-making subsidiary of SAIL, Salem Steel Plant (SSP) (ET)
Tata Steel has signed an agreement with Liberty House to negotiate on sale of UK Speciality Steel biz for Rs8.54bn. (BL)
The Rs 129.40 billion Jagdishpur-Haldia-Bokaro-Dhamra natural gas pipeline project, recently awarded to Gail India by the Cabinet Committee on Economic Affairs, has hit a regulatory roadblock as the Petroleum & Natural Gas Regulatory Board has questioned the validity of the government’s decision. (ET)
Suzlon Group has announced that it has bagged a 50.40MW wind power project from a leading business house to be executed in Andhra Pradesh. (BL)
Indiabulls Housing Finance Ltd has raised Rs5bn by issuing debentures on a private placement basis. (BL)
Sun Pharma launched BromSite solution, marked for treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery, in the US market. (ET)
The Competition Appellate Tribunal (Compat) has granted a conditional stay against the Competition Commission of India's imposition of a Rs1.88bn penalty against India Cements Ltd. (BS)
Reliance Infrastructure has received capital market regulator SEBI’s clearance to launch an infrastructure investment trust (InvIT). (BL)
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