IN BRIEF (Page 21)

IPO plan

Bharat Sanchar Nigam Ltd, India's biggest telephone company, and NHPC Ltd plan to raise more than $10 billion in share sales, leading a revival in offerings as stocks rebound from the worst start to the year in three decades.

The government plans to sell as much as 10 percent of Bharat Sanchar, Chairman Kuldeep Goyal said. State-run NHPC, India's largest generator of electricity from water, on Aug 6 sought regulatory approval for a sale.