Reliance Infrastructure plans to exit non-metro airport business: Reliance Infrastructure is looking for buyers for its unit that handles non-metro airport projects, people close to the development told ET. The company, promoted by billionaire Anil Ambani, has invested about Rs 100 crore in five non-metro, brownfield airport projects in Maharashtra through its subsidiary Reliance Airport Developers Private Ltd (RAPDL). (Economic Times)
IOB to raise another $1B MTN: Indian Overseas Bank (IOB), after having successfully raised a $1-billion Medium Term Note (MTN), has planned to raise another $1B (Rs 5,900 crore) to boost its credit abroad. “As the appetite for borrowing increases, we will go for another $1 billion MTN by next year,†M Narendra, chairman and managing director, told Business Standard. Time and price would depend on how the economy was improving, he added. (Business Standard)
Hero to buy into tech partners: Hero MotoCorp has decided to pick up minority equity stakes in three global technology partners to ensure its technology edge after the end of its 26-year joint venture agreement with Japan’s Honda Motor Corporation. (Business Standard)
Videocon among suitors for IPL team Deccan Chargers: Videocon Industries is one of the front runners to buy out Deccan Chargers, the Deccan Chronicle Holdings Ltd (DCHL)-owned Indian Premier League's Hyderabad franchisee. DCHL, which is under severe financial crisis, issued a tender notice today inviting bids to sell the Deccan Chargers team, and Videocon, which was earlier also looking to own a team, is gearing up to bid. (Business Standard)
Ranbaxy plans to tap bond market to raise Rs 500Cr: Japanese drugmaker Daiichi Sankyo's Indian subsidiary, Ranbaxy Laboratories, will access the Indian wholesale bond market to raise Rs 500 crore through a three-year issue. (Economic Times)
Courtesy: VCCEdge 
