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India's second largest two-wheeler maker, Bajaj Auto on Wednesday announced it is thinking of issuance of bonus shares. And for the same purpose the board of the company is going to meet on July 22.

This is 13 years later that Bajaj is again thinking of having bonus shares. Analysts expect that this step was taken since the company has been facing falling share values and a remarked fall in the investor confidence.

Finally the oil companies have decided that they will be revising the oil prices once every month. The stand comes after a long wait after it was decided that the petrol prices will now be de-regulated and more market-driven.

In the group that announced its decisions are also PSU firms like Indian Oil, Bharat Petroleum and Hindustan Petroleum. They said that they would be charging a uniform price for petrol.

Indian Oil even said that there is no need to increase the price of petrol immediately and that all the refiners must increase the price together rather than doing it one by one.

In the month of June inflation stood at 10.55 per cent. And the reason behind this was the high fuel prices.

Looking at the figures, it is feared by many experts that RBI will increase its key interest rates in the upcoming monetary policy review.

It is also feared that the wholesale price-based inflation will go up because of the same reason and also a change in the price policy related to petroleum. As understood well, the main focus of the center at present is to control the double digit inflation.

The Orissa High Court on Wednesday stayed an approval given by the Orissa government to give license to Posco's project in the state.

The stay which came as a major setback to the Korean steel company as it has been trying hard to clear its Rs. 51,000 crore steel project to start in Paradip port. It had got the recommendation of the state government for the Khandadhar iron ore reserve in its favor.

On Wednesday, Tata Power said that its power project in Ahmednagar district, Maharashtra is its first official Clean Development Mechanism (CDM) project. The name of the wind farm is Khandke and is one of its major power project.

The total capacity of the farm is 50.4 MW and was commissioned three years back in December, 2007.

It has also got the necessary approval from the United Nations Framework Convention on Climate Change (UNFCCC), Tata Power said.

Larsen & Toubro have gained the upper hand in landing the Hyderabad Metro Project after they emerged as the lowest bidder for the multi-crore project. Larsen & Toubro have come forward to help finish the Metro Project for Rs. 12,132 crore, after the state government decided to pull the plug on the deal with Maytas Infra of B Ramalinga, former chairman of Satyam Computers.