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Mark To Market Alliances



Etihad will invest in Jet Airways, but several conditions apply-As per the MoU for Jet-Etihad deal, 15% of the total share capital of Jet Privilege—pledged to HSBC for a $150 million loan—will have to be made available to Jet Airways.Etihad has also sought completion of the ₹4,000 interim financing in Jet Airways before making an investment.As part of the interim financing, lenders shall infuse ₹750 crore into the company

 Bharti Airtel to slash direct stake in Infratel-Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 percent.Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32 percent stake in Bharti Infratel, the telecom tower company said.

 NTPC and Power Grid to form pan-India power distribution firm in an equal JV-State run NTPC Ltd and Power Grid Corp. of India Ltd (PGCIL) may shortly set up the National Electricity Distribution Company (NCDC)—a pan-India power distribution firm in an equal joint venture

 ONGC plans to invest more than $500 million in Mumbai High Field-ONGC will employ enhanced oil recovery (EOR) methods to improve oil recovery from Mumbai High and has completed a pilot run.Almost 20% of new production at Mumbai High will come from incremental projects between 2017 and 2025

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