Daily News Roundup - Feb 27 2009

Satyam’s Board may allow non-IT players to bid for the company (ET)

Tata Motors’ Nano to roll-out on March 23rd 2009 (ET)

Crisil downgrades long-term debt ratings of Hindalco, Sterlite and Vedanta Aluminium (ET)

L&T bags an order worth Rs11.6bn (ET)

Tata Motors unveils Xenon XT, India’s first lifestyle pick-up vehicle (ET)

ONGC has shut a platform in the Bombay High offshore field reducing gas output by 40% (FE)

DLF raises Rs20bn from PNB, LIC, SBI and BOI to repay short-term loans (ET)

TCS puts on notice 130 staff in UK (BL)

Singapore airlines extends TCS contracts for three years (BL)

SBI to lower credit targets for SMEs (ET)

GAIL to buy LNG from Shell (FE)

Reliance Infra seeks 17% hike in Mumbai power tariffs (FE)

GAIL to supply natural gas to UVL and NFL plants (FE)

TCS mulls cutting variable pay (FE)

Vedanta to buy 20% stake in Malco (FE)

GE Shipping to trim its US$600mn order book to overcome the downturn in the freight rate for dry bulk carriers and tankers (BS)

Anant Raj Industries is planning to set-up an education city at Mehsana in Gujarat for a total investments of Rs40bn (BS)

Areva T&D to partner BGR Energy to supply gas insulated sub-station package (FE)

KEC International has secured two orders worth Rs2.3bn from PGCIL (FE)

Moser Baer buy backs US$3.6mn FCCBs (BS)


Inflation for the second week of February at 3.36% (BS)

Government has raised DA for central government employees and pensioners to 22% from 16% (ET)

Rupee falls to below Rs50 mark against the US dollar (ET)

Government announces special booster package for exporters (ET)

Sugar prices likely to fall further on account of stock limits imposition by Government on meals for four months (ET)

Power Ministry has forwarded its recommendation to Petroleum Ministry for an allocation of 18mmscmd gas from RIL’s KG-D6 (FE)

Cabinet okays Rs95bn road projects in Kerala and Tamil Nadu (BL)