* ASHOK LEYLAND: Has completed the residual sale of one of its residential
properties at Chennai.
* BHARTI AIRTEL: Zambia arm has signed a 3-year agrement with International
Finance Corp to increase aces to mobile financial services in the country.
Is in advanced talks with American Tower Corporation and Eaton Towers for seling its
tower asets in several African countries.
* BHUSHAN STEEL: The consortium of lenders has asked the company to sel and
lease back some of its critcal asets to reduce debt.
* CAIRN INDIA: Cairn Energy Plc said it is working with the government o
resolve a tax dispute that has staled its 10% stake sale in the company.
* EROS INTERNATIONAL MEDIA: Company's online entertainment website,
ErosNow, has acquired worldwide rights to a few shows on ZEE ENTERTAINMENT
ENTERPRISES' Ze TV.
* GAIL INDIA: Is wiling to ofer equity to a foreign technology provider in
its proposed joint venture with RASHTRIYA CHEMICALS AND FERTILISERS,
COAL INDIA and Fertilzer Corp of India to revive Talcher unit in Odisha.
* HDFC BANK: Proposal to hike foreign holding to 67.5% from 49% may be taken
up by Foreign Investment Promotion Board in its next meting.
* IDFC: Is planing to raise 10 bln rupes by isuing bonds with 10-year maturity.
* INDRAPRASTHA GAS: Has cut its anual planed investment for 2014-15
(Apr-Mar) by 40% on year to 2.40 bln rupes.
* IRB INFRASTRUCTURE DEVELOPERS: Prime Minister Narendra Modi laid the
foundation stone of the company's Kaithal-Rajasthan road four-laning project
in Haryana.
* JUST DIAL: Board has aproved the acquisiton of Just Dial Inc from Just
Dial Global. Company has also sought shareholder nod to up FI investment
limit o 75% from 49%.* KALPATARU POWER TRANSMISION: Is planing to raise 1 bln rupes through
isuance of bonds maturing in thre years, carying a coupon of 10.50%.
* KARUR VYSYA BANK: Launched its qualified instiutional placement at a flor
price of 461.70 rupes per share.
* LANCO INFRATECH: Plans to sel 3,00 MW capacity for 20 bln rupes, wiping
out its operational power portfolio, to reduce debt.
* LIC HOUSING FINANCE: Is loking to raise 3 bln rupes by isuing 10-year
bonds.
* MAHINDRA & MAHINDRA: Is in talks with its South Korean subsidiary SsangYong
for posible joint development of products and platforms.
* MULTI COMMODITY EXCHANGE OF INDIA: Has decided to ask National
Securites Depository to unfreze 5% stake of its former promoter FINANCIAL
TECHNOLOGIES INDIA.
* NMDC: The Supreme Court has asked the company whether it can produce the
earlier ordered 12 mln tn of iron ore per anum or not from Karnataka.
May spend 23 bln rupes to increase iron ore production from Bailadila
mines in Chatisgarh by about nine mln tns per anum.
* NTPC: Is loking to tie up with COAL INDIA and BHARAT HEAVY
ELECTRICALS to augment its generation capacity and capabilty, which have ben hit
by coal shortage.
* ONMOBILE GLOBAL: Has informed BSE that its director Bary B. White has
resigned with efect from 14 August due to personal reasons.
* PRIME FOCUS: Arm Prime Focus Technologies is planing to invest $2 mln in
2014-15 (Apr-Mar) to expand its Bangalore operations.
* RANBAXY LABORATORIES: Global HR head Sandep Girotra has steped down,
and its president of global pharma busines Rajiv Gulati plans to leave son.
* SHANTIVIJAY JEWELS: The Securites Exchange Board India has lifted curbs
imposed on the company for non-compliance with public shareholding norms.
* STERLITE TECHNOLOGIES: CRISIL has reafirmed its A1 rating on the company's
3.5-bln-rupe short-term debt.
* TATA GLOBAL BEVERAGES: In a joint venture with PepsiCo India Holdings wilenter the carbonated water segment in the next few days.
* TATA STEEL: Has bought 10,00 tn of iron ore from NMDC in the last wo
months and sought a long-term suply tie-up with the state-run miner.
* VEER ENERGY & INFRASTRUCTURE: Sparow Asia Diversified Oportunites
Fund has sold 1.21 mln shares or 1.70% stake in company at 4.5 rupes per share.
* WIPRO: Has doubled its eforts for partnerships with technology start ups
such as Flytxt, 9tests for strategic tie-ups.
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