$2 billion selling a stake in power producer NTPC Ltd will likely take place on Feb. 7, three sources with direct knowledge of the situation said on Friday.
Coal India Ltd said in a court filing The Children's Investment Fund cannot force the state firm to raise prices for the interest of a particular shareholder, and that the company and its directors are under no obligation to sell coal at international prices.
Coal India is facing a lawsuit from TCI, with a hearing at Calcutta High Court to be heard on Wednesday.
Reliance Industries Ltd's fourth generation long-term evolution services are expected to be launched between June and August, at least starting with Mumbai, New Delhi and Jamnagar, vendors in discussion with the company said.
Norway's Telenor is unlikely to bid in an auction for mobile licences in Mumbai unless India halves the fee, its Chief Executive Jon Fredrik Baksaas said on Friday. AUTOS
Maruti Suzuki India Ltd has purchased the land for its fourth plant in India, with a view to roughly doubling annual production capacity to about 3 million units, the Nikkei business daily said on Sunday.
Ashok Leyland Ltd is hoping to raise around 5 billion rupees by offloads stakes in some of its subsidiaries as well as IndusInd Bank Ltd, chief financial officer K Sridharan told analysts.
Jet Airways (India) Ltd will sell a 24 percent stake to Etihad Airways for around $300 million, according to two people close to the development, neither of whom wanted to be named.