Following are the important reports carried by leading financial dailies and post market business news:
Business Standard
Reliance Capital's banking plan gets a Japanese touch
Reliance Capital, the non-banking financial arm of Anil Ambani group, will once again try its luck for a bank licence. The group said it would participate in the financial inclusion mission of the Narendra Modi government by setting up Reliance Bank.
SBI signs USD152-mn export pact with Japanese bank
State Bank of India (SBI) on Monday signed a loan agreement with the Japan Bank of International Cooperation (JBIC) to set up an export credit line in two currencies worth USD152 million. The total amount in the export credit line consists of 13.5 billion yen and $21 million, a release said, adding the loan is co-financed with the Bank of Tokyo-Mitsubishi (BTMU).
Business Line
IRB Infra arm ties up Rs 9.10 bn for NHAI project
IRB Infrastructure Developers said its wholly-owned subsidiary Solapur Yedeshi Tollway has tied up Rs 9.10 billion for the concession agreement (project) it had signed with the National Highways Authority of India.
NMDC buys 30% more stake in Australian unit Legacy Iron Ore
NMDC has obtained a firmer grip over its Australian mineral exploration subsidiary by acquiring around 30% additional stake.
Tata Steel-Sumitomo launches auto grade steel project in Jamshedpur
Jamshedpur Continuous Annealing and Processing Co (JCAPCPL) on Monday inaugurated its continuous annealing & processing line, a 600,000 tonnes per annum facility, for manufacturing automotive grade continuous products, at Tata Steel's Jamshedpur works, Tata Steel said in a statement.