JetLite, the low-fare subsidiary of Jet Airways has been reportedly asked to appear before the union government for non-payment of at least Rs 100 crore in service tax.
Maruti Suzuki India reportedly plans to counter Ratan Tata's Nano with a stripped-down version of its Maruti 800.
Reliance Power will reportedly get a $500 million loan from the Asian Development Bank for the 4,000 megawatt ultra mega power project coming up in Andhra Pradesh.
The Al Rostmani Group of the United Arab Emirates is reportedly planning to pick up a majority stake in Gujarat Heavy Chemicals (GHCL) for an estimated Rs 700 crore.
Tata Power Company is reportedly in talks with shipbuilders in South Korea to construct six big ships, which it will use to carry coal from its mines in Indonesia to feed its ultra mega power plant in Gujarat. The company will have to invest between $550 million to $600 million to buy the ships, the reports added.
Aditya Birla Minacs, the back-office arm of Aditya Birla Nuvo is reportedly eyeing acquisition of a knowledge process outsourcing (KPO) firm worth $150 million.
Housing Development and Infrastructure (HDIL) is reportedly eyeing the power sector as part of its diversification strategy.
Dishman Pharmaceuticals and Chemicals has reportedly invested $10 million to set up a facility in China.
British retail tycoon Philip Green-led Arcadia Group is reportedly striking a partnership with realty firm DLF to bring high-street clothing chain Topshop to India.
Transport Corporation of India is reportedly set to dilute promoter holding by about 10% to raise capital for its expansion plans.
Bharat Petroleum Corporation, Cambridge Solutions, IRB Infrastructure, Sical Logistics, Shree Digvijay Cement, Tantia Constructions, Tata Communication, Wire & Wireless India, and Zee News among others will declare their March 2008 ended quarter results today.