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Wednesday, August 05, 2009

Daily News Roundup - Aug 5 2009


Bharti Airtel plans to bid for Luxemburg-based Millicom’s Sri Lankan mobile network (ET)

RIL top buy 67% stake in AP city gas distributor (ET)

Infosys BPO wins 5-year contract with T-Mobile (ET)

Wipro has entered into a 5-year strategic agreement with US-based multi-brand specialty retailer, Charming Shoppers (ET)

Reliance Infra bags contract to build Rs82.5bn Mumbai Metro II (ET)

Ranbaxy’s Malaysian unit starts marketing of anti-hypertensive tablet, Covance, in the local market (ET)

SBI, Tata Motors and IOC figure in the list of Top 100 tax defaulters in the country (BS)

Tata Steel may supply steel to Toyota and Nissan (BL)

Steel Ministry okays 8.4% NMDC stake sale (ET)

S&P lowers Tata Motor’s long-term credit rating (ET)

Tata Steel to acquire land for Chattisgarh plant by mid-2010 (BL)

Bharti Airtel has entered into an agreement with Bhutan government for creating a new terrestrial cable network (FE)

Axis Bank to raise Rs50bn through equity sale (ET)

NHPC to develop 1,500 MW hydro power project in Manipur (BS)

Wipro Consumer is eying acquisitions in India and abroad (FE)

Essar Steel to buy Shree Precoated assets, long-term debt for Rs6bn (ET)

JSW Steel output climbs 51% in July 2009 (ET)

Dabur launches a new range of ayurvedic products in the skin-care segment (BS)

IRB Infra forays into airport project development (FE)

HCL Infosystems bags Rs400mn order from SBI to install 1,000 ATMs across the country (BL)

Pantaloon Retail has planned a capex of Rs7bn for the current fiscal; to add 4mn sq ft to its existing retail space (ET)

ABG Shipyard raises Great Offshore open offer price by more than 15% to Rs520/share (ET)

REC FPO to raise Rs29bn likely to come up by fiscal-end (BS)

Future Ventures is planning to come out with an IPO of Rs10bn in the near term (BS)

SpiceJet hedges almost 30% of its jet fuel requirement for the rest of the fiscal (ET)

Government unveils roadmap for financial sector reforms (FE)

Parliament passes ‘right to education’ bill (FE)

Government has extended NELP VIII bidding date to October 12 from August 10 (FE)

Surge in global sugar prices may push local prices beyond Rs30/kg (ET)

Steel companies have increased prices of flat steel by Rs500-1,000/ton (BS)

NHAI may scrap 30-35% premium on toll charged on highways that bypass cities (BS)

Government exports down by 15% in April-June 2009 (BS)

DGH and Anil Ambani clash over D6 capex claims (ET)