² DLF has shortlisted bidders for stake sale in its rental arm and has allowed access to virtual data room and vendor diligence reports. (BL)
² Prime Focus Technologies (PFT), subsidiary of Prime Focus, has secured close to USD20mn in first round of funding from Ambit Pragma. (ET)
² Reliance Communications is planning to offer voice calling over LTE (VoLTE) by the end of the year, giving users another option to make voice calls, and is holding talks with major network providers to finalise a player within a fortnight. (ET)
² A government-appointed panel examining a dispute over migration of gas from Oil & Natural Gas Corporation (ONGC)-held blocks in the Bay of Bengal to adjacent fields of Reliance Industries (RIL) will submit its report to the Ministry of Petroleum by August 31. (ET)
² The pensioners of Britannia Industries Ltd and the biscuit-making major have agreed to settle a decade-long dispute to pay pensions due to employees who retired after March 2003. (BS)
² Cipla said its US arm InvaGen Pharmaceuticals Inc has received final approval from the American health regulator to market generic Bupropion Hydrochloride extended release tablets used for treatment of major depressive disorder. (BL)
² A central green panel has given environment clearance to Steel Authority of India Ltd's (SAIL) Rs54.19bn expansion and modernisation project for its Rourkela plant in Odisha. (BS)
² Reliance Communications is evaluating its options regarding spectrum in 700MHz band, which will be auctioned for the first time in India. (BS)
² IDBI Bank Limited has raised capital of Rs15bn through Basel III compliant Additional Tier-1 (AT1) bonds to enhance capital adequacy. (BS)
² Canada Pension Plan Investment Board (CPPIB) that manages pension fund assets has received RBI approval to increase stake beyond 5% to 10% in Kotak Mahindra Bank. (BS)
Economy Updates
² The mines ministry has allotted 30 mineral blocks for exploration to Mineral Exploration Corporation Ltd (MECL) to enhance confidence among private exploration agencies. (ET)
² India's biggest telecom spectrum auction will now start from October 1 instead of September 29, as the operators have suggested that there should be a gap of three working days between the mock auction and the actual start of sale of airwaves. (BS)
² The auto industry suffered a loss of Rs40bn in 8 months following the ban on sale of diesel vehicles in engine capacity of 2,000cc and above in Delhi/NCR. (ET)
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