News Capsules

Reliance Industries (RIL), the country’s largest private company, may reopen its domestic petroleum retail outlets, as the export-oriented unit
status of its first refinery at Jamnagar in Gujarat has been ended.

State Bank of India has agreed to lend Vodafone-Essar, the joint venture between UK’s Vodafone and Essar, Rs 10,000 crore to finance the
company’s entry into 3G (third generation) telecom services and expansion of its broadband operations.

Maruti Suzuki, which makes every second car sold in India, is investing Rs 1,200 crore to replace engines of existing models with a new lightweight
fuel-efficient one that will conform to a new national emission standard to come in place next year.

TATA Communications (TCL), earlier known as VSNL, has joined an international consortium to build a $600-million West African cable system
(WACS), which will link countries in Southern and Western Africa and Europe.

Unitech Ltd, the country’s second-biggest real estate developer, said it raised $325 million (Rs 1,625 crore) from selling new shares to qualified
institutions to repay a part of its debt of over Rs 8,900 crore and strengthen capital.

DLF, India’s biggest real estate developer, is likely to pull out of its Rs 1,000 crore Infopark project in the city which was to be developed over 54
acres in an approved special economic zone for information technology projects.

In the last three months ending March 2009, the promoters’ stake in GHCL, one of the leading chemical and textile companies, has declined by a
whopping 20.16 percentage points to 18.16 per cent. It was 38.32 per cent at the end December 2008.

Natco Pharma Limited has entered into an agreement with Dr Reddy's Laboratories Limited for the development, manufacture and supply of a
basket of value-added generic oncology drugs.