² Larsen & Toubro (L&T) has won orders amounting to Rs24.16bn across three business segments – building & factories, power transmission & distribution, and smart world & communication – in June 2016. (BL)
² Adani Enterprises, has raised Rs1.50bn through issuance of non-convertible debentures on private placement basis. (BL)
² MBL Infrastructures Ltd (MBL) has bagged a Rs7.79bn road project from the National Highways Authority of India (NHAI). (BL)
² Bharat Heavy Electricals Ltd (BHEL) has commissioned two units of 14MW each at Salma Hydro Electric Project order worth Rs5.70bn from Power Grid Corporation of India for supply of the world's largest STATCOM (Synchronous Compensator in Afghanistan. (BS)
² Siemens has bagged an) projects, the Indian arm of the German capital goods company. (ET)
² Bharti Airtel and Axiata Group Berhad have further extended the agreement for merger of their Bangladesh operations till September 26, 2016. (ET)
² The Enforcement Directorate (ED) summoned British liquor major Diageo and United Spirits Limited (USL) in connection with the USD75mn deal between the two in February this year. (BS)
Economy snippets
² The Central Board of Direct Taxes (CBDT) has made it clear that the 1% tax collection at source (TCS) — introduced in this year's Budget — will apply only to the cash component and not the entire sale consideration. (BL)
² A consortium of three companies has signed an agreement with the Andhra Pradesh government for setting up Rs101.83bn gas-based fertilizer plant near Krishnapatnam. (ET)
² A state-level green panel has recommended a stage-I forest clearance to Orissa Integrated Power for setting up a 4000MW ultra mega power project worth Rs290bn in Sudargarh district. (ET)
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