Reliance Industries may reopen its closed petrol pumps as crude oil prices drop by over 50%. (ET)
Union Bank of India and United Bank of India, cut lending rates by 25-50bps ahead of Finance Minister's meeting with PSU bank chiefs. (BS)
Bharti Enterprises eyes US$10bn revenues by next year. (ET)
Bharti Enterprises and French insurance major AXA are planning to launch a private equity fund in India. (ET)
Nagarjuna Construction has received two orders worth Rs5.27bn. (ET)
KEC International has bagged three orders worth Rs2.2bn. (FE)
M&M has reported 17.8% yoy decline in total automotive sales in October at 20,282 units. (ET)
Tata Motors' total vehicles sales including exports declined by 20% yoy to 39,729 units. (FE)
Reliance Infrastructure Ltd has bought back 0.8mn equity shares of the company in the last four days. (BL)
Israel's Ceragon Networks has inked an agreement with Tata Tele for wireless backhaul solutions. (ET)
Wipro Infotech and Subex have jointly signed a nine-year contract with Aircel. (FE)
Reliance Retail and the UK-based supply chain powerhouse Wincanton have called off their proposed joint venture. (ET)
Religare AEGON Asset Management Company (AMC) is likely to buy out Lotus India Mutual Fund. (BS)
Wockhardt has challenged the US patent of Stalevo, a new generation combination drug for the treatment of Parkinson's disease, originated by Finland-based Orion Corporation and marketed by Novartis. (BS)
The Bombay High Court declined to stay the termination notice served by Star TV to Balaji Telefilms for one its shows. (BS)
PNB is looking at overseas acquisitions and is scouting across geographies for potential takeover targets. (BL)
Tata Steel starts work on new blast furnace for 10mn ton capacity at Jamshedpur Works. (BS)
Global spirits giant Diageo may exit its equal JV with Radico Kaitan. (ET)
SpiceJet, IndiGo and GoAir are likely to slash fares between 10% and 15% from November 15, 2008. (ET)
ACC's cement production for October 2008 declines by 1.14% yoy to 1.74mn tons. (FE)
Tata Tea plans restructure in order to operate as a single integrated beverages company in India and to enhance its global footprint through strategic acquisitions. (FE)
The Bharti Group is aiming to reduce its dependence on the telecom sector to 50% for the group's revenues by 2013. (BS)
Honda Motorcycle & Scooter India Private Ltd (HMSI), the wholly owned subsidiary of Honda Motor Company of Japan, plans to enhance capacity to 1.5mn units at its Manesar plant in three years.
Gujarat Pipavav Port plans to invest an additional Rs2.bn to dredge 14.5 metre draft and further improve accessibility to the port. (ET)
FM P Chidambaram assured industry that the government will ask state-owned banks to cut interest rates. (BS)
India's export growth slowed to an 18-month low of 10.4% in dollar terms at US$13.7bn in September 2008, against US$12.5bn in the same month last year. (BS)
Foreign funds sell FCCBs which are listed on some European stock exchanges and the Singapore Stock Exchange at hefty discounts issued by Indian companies. (BS)
LIC has invested ~Rs150bn in the past six months in non-convertible debentures issued by companies. (ET)
Banks shave corporates' working capital limits, which will be based on average utilization of funds in last three years. (ET)
Refiners cut jet fuel rates by 4.5% responding to the government's decision to exempt jet fuel from Customs duty. (BS)
Mutual funds see sharp shrinkage in asset base in the month of October.
Iron ore exports from the country have dropped 81% in October compared with the same period last year. (BL)
RBI said that it will repurchase dated securities — the 6.65% Government Stock (GS) 2009 and the 5.48% GS 2009 — on November,6th under the Market Stabilisation Scheme amounting to Rs100bn. (BL)
Goods and services tax (GST) to be introduced in a phased manner. (FE)
States want their share in the pool of central taxes to be increased to 50% from existing 30.5% and also Centre to bear their 50% burden while implementing the Sixth Pay Commission package. (FE)
A Parliamentary panel will meet on November 14 to discuss spectrum allocation for 2G mobile services and the launch of 3G services in the country. (ET)
The Maharashtra Government has announced that sick or closed sugar units will not be given on lease to the private sector. (FE)
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