Indian Oil Corporation reportedly plans to go ahead with its 15 million tonnes per annum refinery project in Orissa at a cost of Rs 30,000 crore despite incurring losses on its retail fuel sales.
Tata Communications has reportedly earmarked a capital expenditure of $2 billion over the next three years to set up fresh submarine cable capacity, broadband connectivity, data centres and expand its optical fibre network.
Hotel Leela Venture reportedly plans to invest $500 million for expanding its presence in key cities over the next four years. The total room capacity would go up to 2,400 by FY12 from the present 1,100.
Bharati Shipyard reportedly plans to invest Rs 1500 crore in two phases to build a ship building yard in the western state of Gujarat. The company may raise Rs 400 - Rs 500 crore from the market for the purpose.
Max India has reportedly raised its stake in the life insurance joint venture to 74% from 50%. Its partner, New York Life Insurance Co, holds 26%.
Global Vectra Helicorp has reportedly signed two-year contracts with Reliance Industries and Oil and Natural Gas Corporation (ONGC) to hedge its aviation turbine fuel (ATF) purchases. It may sign another deal with BG Group, the reports added.
Italy's Morellato SpA is reportedly planning to set up a unit with Gitanjali Group in Himachal Pradesh for assembling Morellato, MissSixty and Just Cavalli luxury watches and jewellery.
The board of Petronet LNG is likely to consider on Monday the revised deal for liquefied natural gas from Exxon Mobil's interest in Australia's Gorgon project. It is in talks to secure Exxon's entire stake of annual output, the reports suggested.
Net profit of Jaiprakash Associates declined 9.10% to Rs 127.26 crore on 21.9% increase in sales to Rs 1148.71 crore in Q1 June 2008 over Q1 June 2007.
Net profit of Cipla rose 16.93% to Rs 140.04 crore on 33.9% increase in sales to Rs 1207.12 crore in Q1 June 2008 over Q1 June 2007.
Bharat Heavy Electricals, Dr Reddy's Pharmaceuticals, Maruti Suzuki, SAIL, Aban Offshore, Abhishek Industries, Bank Of India, Bartronics, Canara Bank, Century Enka, Housing Development & Infrastructure, IL&FS Investsmart, ING Vysya Bank, Jindal Drilling, LIC Housing, Madras Fertilizers, Peninsula Land, Petronet LNG, Punjab Tractors, Rane (Madras), Tech Mahindra, Triveni Engineering, United Spirits, Voltas and Welspun Gujarat Stahl Rohren, among others will declare their June 2008 quarter results today.