Tata Motors on Tuesday reported a marginal increase in global sales, including Jaguar Land Rover, at 80,499 units in January.

The company had sold 80,163 units in the same month last year. In the passenger vehicles category, the global sales last month were at 49,821 units as against 50,042 units in January 2014, Tata Motors said in a statement.

To fund expansion, state-run telecom player Bharat Sanchar Nigam Ltd (BSNL) plans to raise Rs 3,000 crore this year through a short-term loan. For the loan, a 12-month one, the company had invited bids from banks — both public sector and private lenders, a senior company official told Business Standard.

It has also invited proposals for launching mobile-based wallet services, in partnership with a bank and other agencies. Through this, a mobile user can pay for various services such as recharge of prepaid cards and mobile/utility bills, booking film tickets and shopping online, too. One can also transfer money.

Private sector lender Yes Bank today said it will be raising Rs 500 crore through issuance of "green infrastructure bonds", which will be deployed to fund renewable energy and energy efficiency projects.

The bank claimed it is the first such issue in the country and the money will be used to fund solar power, wind power, biomass, and small hydel projects.

Apollo Hospitals Group has inked an MoU with the Ministry of Health, Republic of Ghana, for developing tertiary health care services in the African country, the company said today.

The agreement was signed by Victor Asare Bampoe, Deputy Health Minister, Ghana, and Hari Prasad, CEO, Central Region, Apollo Hospitals, a press release from Apollo said.

Gautam Adani-promoted Adani Power has joined the race for coal block reallocation with all its might. Adani Power has made 11 bids for six of a total 19 blocks being auctioned under the second phase of the coal block allocation process. These blocks belong to Schedule-III, about-to-produce mines without any associated end-use infrastructure.

The technical bids for these 19 blocks was opened on Sunday. Naveen Jindal's Jindal Steel & Power, the biggest loser as the fallout of a Supreme Court's judgment in August 2014, closely followed with eight bids, four each for two blocks.

Idea Cellular, the country’s third largest mobile operator by revenue and subscribers, will need as much as Rs 15,000 crore to renew its existing spectrum in the upcoming auctions, which is expected to see cut-throat bidding among telcos.

The Mumbai-headquartered telecom major is most precariously positioned as far as number of licences are due for renewal and the contribution they make to overall subscriber and revenue base.

A large number of listed firms, including top blue-chips, are facing heat of the stock market authorities for sudden surge in their share prices and trading volumes as also for ‘speculative’ information leaks leaving investors at large in the lurch.

In just about one and a half months since the beginning of this year, the stock exchanges have sought ‘clarifications’ from at least 19 Sensex blue chips including giants like Mahindra and Mahindra, Hindustan Unilever, SBI, Coal India, Wipro, Hero Motocorp, ICICI Bank, Cipla and L&T.

L&T’s Q3 profitability was below our estimate, led by losses in the hydrocarbons business, unfavourable job mix, very weak non-infrastructure sales and one-offs. FY15 will be a lacklustre year but FY16 looks better given (i) likely continuation of strong sales growth in the infrastructure segment (+20%) and pick-up in non-infrastructure sales on improving inflow/backlog in FY15, (ii) losses in the hydrocarbon business will be largely provided for in FY15, (iii) potential impact, if any, of the infrastructure segment’s overseas execution on margin will materially reflect only in FY17, (iv) continued positive news flow on better domestic ordering, which will eventually be followed by actual higher order awards, though potentially back-ended.

Tata Motors’ Q3FY15 consolidated operating performance (after adjusting for one-off provisions/incentives) was marginally below our expectations. JLR’s sales realisation was above expectations by 4% but its Ebitda margin (after normalising the impact of annual incentives received in Q3) was 52bps lower than our expectations. Overall, JLR’s absolute Ebitda (earnings before interest taxes and amortisation) was in line with our expectations.

Though its exploration and production business contributes just 1.51% to its turnover (Rs 6068 crore out of Rs 4.01 lakh crore in FY14) and less than 10% to its sum-of-the-parts valuation of R941 per share, Reliance Industries Ltd (RIL) is serious about taking the government to task over what it perceives to be a series of arbitrary actions on the latter’s part. Last month, RIL filed its fifth arbitration suit against the government, and the first since the NDA came to power (see box, Furious Five).

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