• New 2G players face hefty sellout fee, sale of over 50% to attract acquisition levy equivalent to market value: ET
• Tata Power looking at increasing stake in Indonesia’s Bumi Resources, has 30% in two unlisted coal subsidiaries of Bumi: ET
• M&M-BAE Systems JV fails to get necessary approval for 49% stake of foreign partner
• Hindalco
  -Promoters mop up 4 million shares from open market in last two days: BS
  -Rights issue may devolve; underwriters may have to pick 20%; promoters have promised to subscribe to 50%: ET
• Tata Communications South African arm Neotel looking to raise USD 1 billion for expansion: BS
• ONGC seeks stake in Kazakhstan oil company with 194 million tonnes recoverable reserves: DNA Money
• Arcelor-Mittal, Tata Steel eye stake in 18 abandoned mines of Coal India: DNA Money
• Cairn India yet to get ‘right of use’ for Rajasthan pipeline from state government: HBL
• Philips, GE, Siemens eye L&T medical division: BS
• Nagarjuna Construction gives up on Blackstone, delay helped Blackstone to save substantial money: Mint
• Citi Bank, Reliance Retail plan 50:50 finance JV: BS