Lanco Infratech Ltd:
Cash-starved Lanco Group has approached lenders to reschedule Rs 1,000 crore debt of two of its gas-based power plants in Andhra Pradesh till January 2018.Tech Mahindra Ltd:
Tech Mahindra plans to invest $150 million (Rs 933 crore) over the next three to four years in creating innovative solutions, both in-house and with other partners, as well as to fund acquisitions, as the company focuses on developing next-generation technologies.
Coal India Ltd:
State-owned Coal India (CIL) said it is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity.
Monnet Ispat & Energy:
The company bagged one coal block in Chhattisgarh on the last day of the auction, bringing down the curtains on the first phase of coal auctions that will fetch the states over Rs 1 lakh crore.
Infosys:
Infosys, after signing its first big-ticket acquisition under CEO Vishal Sikka last week, is evaluating a dozen more startups - all aimed not at bulking revenues or adding clients, as Indian IT companies typically do, but at gaining cutting-edge technology such as automation and artificial intelligence (AI).
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