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Corporate Front Page:
- Tata Steel may team up with an Indian metal or mining company to counter Rio Tinto’s $3.5bn offer.(ET)
- Supreme Court (SC) question banks for Rs100bn loans to new licenses.(ET)
- Hindalco Industries, Canadian unit Novelis will raise $4bn loan- cum-debt to refinance hindalco debt. (ET)
- NTPC has earmarked Rs1.5trn investment for sourcing equipment for its power projects in the next fiscal, the deliveries of which will be made over five years. (BL)
- ONGC will allow GAIL to market gas from C-series field. (BS)
- Hero Honda has hiked the prices of its models in the range of Rs500-1,500 to offset the rising input costs. (BL)
- CESC has announced its plan to build a 90 MW hydroelectric power project in Arunachal Pradesh. (BL)
- Tata Motors lines up new financing deals to boost Nano car sales.(ET)
- Arcleor Mittal will spin off its Inox stainless steel division in a bid to unlock value of shareholders.(ET)
- Natco Pharma has entered into an agreement with the US-based Watson Pharmaceuticals to develop and market generic lenalidomide tablets. (BL)
- Kotak Mahindra Group’s ARC arm, Phoenix ARC, is set to raise a global fund of Rs3bn from investors abroad. (BS)
- PE firm Actis is in talks with Isuzu Motors for exiting automobile company Swaraj Mazda. (BS)
- Sebi has approved the open offers of Reliance MediaWorks and Inox to buy majority stake in multiplex operator Fame, ten months after being filed. (BS)
Economy Front Page:
- The government is likely to increase diesel prices shortly on the back of rising crude prices. (BS)
- Tea imports to India dips nearly by 18% in first nine months of current year.(ET)
- Vehicles sales grew at 17.8% in November. (BS)
- India exports grew fastest rate in five month at 26.8% (YoY) US$18.9bn while imports increased by only 11.2% (YoY) in to US$27.8bn. (ET)
- RBI Governor has said inflation was still above the central bank’s tolerance level. (BS)
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