NTPC:
The company has shortlisted power plants of GVK, Essar and Avantha out of 32 proposals it received from private electricity producers eager to sell stakes to the state-run behemoth, which is willing to invest as much as Rs 10,000 crore to acquire minority interest in stranded projects.Rico Auto Ltd:
The board of Rico Auto Industries approved transfer of the company's investments held in three subsidiary firms to Rico Investments, another unit of the auto component manufacturing firm.
BHEL:
Bharat Heavy Electricals Ltd has announced commissioning of 600 MW thermal power project in Odisha.
Tata Motors Ltd:
Tata Motors, India's largest automobile company by revenues, plans to raise its capital expenditure by Rs 10,000 crore a year as it strives to make a strong comeback in the domestic market.
Bharti Airtel:
Bharti Airtel is applying for a payments bank licence and has roped in Kotak Mahindra Bank as a potential investor in the venture, in a bid to tap significant revenue opportunities from the Reserve Bank of India's financial inclusion initiative.
Coal India Ltd:
The government has fixed a floor price of Rs 358 a share for its up to 10% stake sale in Coal India on Friday. This is a 4.6% discount to the closing price of Rs 375.15 for the company's shares on the Bombay Stock Exchange on Thursday.
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