Daily News Roundup - Oct 30 2009

Cairn India to sell crude oil to RIL and Essar Oil from its Rajasthan fields. (ET)

NTPC-BHEL’s Rs60bn plant to come up in Andhra Pradesh. (BS)

PNB to pay US$25mn for 64% stake in Kazakh’s Dana Bank. (FE)

CESC is scouting for overseas coal assets to power its expansion plans. (BS)

Tata Tea quits beverage retailing; to focus on branded products. (BS)

Sun Pharma accuses Taro director for misusing funds. (BS)

Corporation Bank mulls entry into life, non-life insurance business. (FE)

Zee Entertainment board approves acquisition of group firm, Zee News, on a share-swap deal basis. (FE)

Jey Airways may soon fly full capacity. (ET)

Government cleared 20% FPO by REC. (ET)

Aurobindo Pharma gets nod from the South African regulator to manufacture and market auro ampicillin injection. (FE)

iGate plans to hire 1,500 people in 2010; expands its global delivery facility in Karnataka. (BS)

Baja Electricals plans to raise RS1.75bn via QIP. (FE)

Provogue picks-up 45% stake in its Aurangabad mall project from its local partner. (BS)

Inflation for the week-ended October 17 rises to 1.51%. (ET)

Gold imports rises by 72% to 37.5 tones in September as compared to the previous month. (ET)

Finance minister turns down demand from various ministries for an extra spending of about Rs700bn this fiscal. (ET)

Centre envisages investments of US$80bn on construction of roads and highways. (FE)

Government may raise duty-free sugar import cap. (ET)

India may have to import rice in 2010, says International Rice Research Institute. (FE)