Steel Authority of India (Sail) has raised prices of flat products by Rs 500 per tonne. Flat products are mostly used in the manufacture of automobiles and consumer durables. Prices of long products, used in construction, were unchanged.

NTPC reportedly plans to raise its capacity to 75,000 megawatts (MW) by 2017 from 30,644 MW now, the company sees a need to recruit about 10,000 persons. Meanwhile, NTPC's follow-on public offer opens for subscription today, 3 February 2010.

Reliance Communications is reported to have found few callers for a package that includes its prized FLAG undersea cable network. Reliance had reportedly extended an initial deadline of late-January for submissions, but had still attracted little interest for the deal seeking $3 billion.

Wipro Consumer Care and Lighting, the FMCG arm of Wipro, is reportedly in advanced talks to buy Nigeria-based skincare company, Tura International.

Star Worth Infrastructure, a wholly-owned infrastructure unit of Puravankara group, is scouting for a foreign partner to bid for airport projects in India.

Sterlite Industries' bauxite mining project in the Niyamgiri hills in eastern Orissa may reportedly face a setback, with court documents revealing inconsistencies in the approval process.

Titan Industries is reportedly set to open a new watch assembly facility in Pantnagar in Uttarakhand. The facility could start operations by February or March 2010.

Bharat Electronics will reportedly get an order from the Indian Air Force for supply of an additional 750 Akash medium-range surface-to-air missiles valued at Rs 4279 crore.

Hindustan Dorr Oliver's board has decided to alter objects clause in memorandum of association to foray into execution of nuclear power plants and allied activities.

Venus Remedies, a fast-growing pharmaceutical company in the country has launched MEBATIC, a unique antibiotic combination in infusion form to cure severe gastro intestinal (GI) infections.

Balaji Amines' board will meet on 10 February 2010, to consider setting up a hotel at Solapur.