TOP CORPORATE NEWS

RCOM plans to tie-up with Reliance Jio

Anil Ambani-promoted Reliance Communications is planning with Mukesh Ambani’s Reliance Jio for a pan-India intra-circle agreement. The intra-circle roaming pact will also give Reliance Jio roaming rights on RCom’s 2,100-MHz 3G band and offer services on this band.

Cairn India receives environmental nod for raising oil output at Rajasthan block

Cairn India has received environmental nod for increasing crude oil production from Rajasthan fields by 50% to 300,000 barrels per day. The Environmental clearance has been granted to Cairn India to augment hydrocarbon production.

Tata Steel gains on fund raising plan

Tata Steel rose 1.57% after the company plans to raise up to Rs 14000 crore through privately placed debt securities in the domestic and or international capital markets.

Idea Cellular extends gain after RBI allows FII limit hike

Idea Cellular has moved higher by 5%, extending its previous day’s 1% gain, after the Reserve Bank of India announced that foreign institutional investors can purchase up to 49% stake from 24% earlier.