* INFRA : Union Road Transport & Highways Minister says that Govt will award road projects worth Rs 2trillion in the next two years

* BHARAT FORGE : in JV with Maharashtra Industrial Development Corp, to set up a multi-product SEZ to be developed at Khed in Pune, spred over 4500 hectares

* PTC : 1Q PAT @ Rs333mn vs Rs188.5mn, Sales @ Rs23.72bn

* MONSOONS : Met Dept says India's monsoon rain 18% below normal in week ended July29.. rains deficient in 19 of 36 Met departments

* RANBAXY : Co say US FDA may start inspection of its Dewas plant any time now, moving Co closer to resuming exports.. to cut hedging to < $1bn by year end

* WOCKHARDT : 2Q Loss @ Rs1.9bn vs Rs1.06bn profit, Sales @ Rs9.54bn vs Rs9.35bn

* BEML : 1Q PAT @ Rs53mn vs Rs174mn Loss.. Sales @ Rs4.65bn vs Rs2.88bn

* NHPC : draws up capex plan of Rs 140bn & plans to raise upto Rs 60bn thru IPO

* BHARTI : deal with MTN may take longer altho the exclusive period ends today since due dilignnce exercise of both parties are not yet complete

* ESSAR POWER : completes its financial closure for 1200mw project in Madhya pradesh to be commissioned in 2011

* DLF : 1Q PAT Rs 3.96bn v/s 18.6bn.. Rev Rs 17.5bn v/s 38.5bn.. gearing ~0.5 v/s 0.6 at end of march qtr

* INDIABULLS REAL : 1Q PAT Rs 59.6mn v/s 68mn.. Rev Rs 46.4mn v/s 97mn

* RELIANCE INFRA : 1Q PAT Rs 3.17bn v/s 2.53bn.. Rev Rs 24.5bn v/s 22.9bn

* NESTLE : 2Q PAT Rs 1.62bn v/s 1.21bn.. Rev Rs 12.1bn v/s 10.4bn

* TV TODAY : to demerge radio broadcasting biz of Radio Today.. to allot 1 share in Radio Today for every 6 held in TV Today

* The Bombay High Court has allowed the Mukesh Ambaniowned Reliance Industries to change its written submissions in the legal battle with state-run NTPC. (ET)

* Essar Power ties up the debt required for the Rs 48.6 bn, 1200 megawatt thermal power plant that Essar is building in Mahan, Madhya Pradesh. (ET)

* Bharti Group and South Africa’s MTN Group are likely to extend the time period for discussing a possible merger. The two companies had earlier entered into an exclusive agreement to discuss synergies till July 31. (BL)

* HDIL has sold 1.8 mn sq ft of transferable development rights worth around Rs 2.7 bn in the first quarter of this financial year (BS)

Economic/Regulatory development

The annual Wholesale Price Index fell for a seventh straight week, declining 1.54% in the week to July 18 after falling 1.17% on a y-o-y basis in the previous week (BL)

International trends

Standard Chartered to buy Royal Bank of Scotland’s retail and small and medium enterprises operations in India, China and Malaysia, for ~ $250 mn (ET)