The RBI raised interest rates by 25 basis points to 6% and the reverse repo rate by 50 basis points to 5% to curb inflation. This will make loans more expensive for corporations and individuals while increasing deposit yields. Tata Steel supports the new mining bill's provision for miners to share 26% of profits with locals affected by projects. Bajaj Hindusthan plans to invest Rs. 10,000 crore to set up 1,980 MW of thermal power capacity in Uttar Pradesh as it diversifies from sugar. Genpact plans to enter West Asia to serve local clients, having signed contracts with Sabic and two Gulf financial services firms. SAIL's JV with Posco for a 3 million ton