Strategy, Maruti Suzuki (REDUCE), Punj Lloyd (ADD), Global Commodities, Hero Honda (ADD), Events calendar
Punj Lloyd bags order worth US$800m from Qatar Petroleum (FE) • RIL may acquire discovered oil and gas assets abroad (DNA) • US Committee on Energy and Commerce has asked US Secretary of State to provide details of AIDS drug supplied by Ranbaxy (ET) • Cipla unveils Roche’s generic version of anti-infection drug, Valganciclovir, in India (BS) • Sun Pharma gets US FDA nod to market generic Paraplatin Carboplatin injection (DNA) • Reliance Power plans to enter alternate energy segment, to set up a 100MW solar power plant (DNA) • CESC plans to invest Rs240bn over the next four years to boost power generation capacity (DNA) • Akruti, DLF and Reliance ADAG among others are eyeing commercial development of 45,371 sq meters of railway land in Mumbai (BL) • Power ministry approves allocation of gas to the power sector from RIL KG D6 block (FE) • HPCL appeals to finance ministry for 10% interest-rate ceiling on borrowings from public sector banks by the company (FE) • BPCL in talks with Shell and LNG Petronet to source gas up to 2.5mmscmd as an alternative to KG basin (DNA) • Etisalat buys 45% stake in Swan Telecom for US$900m (ET) • Maruti Suzuki in talks with Haryana government to acquire land to expand its R&D operations in India (DNA) • RNRL plans to invest Rs120bn in cement and shipping business in the next three years (DNA) • GSPC arm plans to rope in IFC as an equity partner in the company (DNA) • Videocon starts major restructuring by scaling down manufacturing locations across the country, trimming work force and pruning its brand portfolio (ET)
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