Daily News Roundup - Feb 5 2009

Lenders allow Ispat to defer its payment of Rs5.9bn. (ET)

IOC plans to buy 1.5mn tons of crude from Cairn India. (ET)

IOC, HPCL, BPCL seek Rs100bn more from Government. (BL)

NPCIL and Areva sign nuclear pact. (ET)

Essar Offshore Subsea, a division of Essar Projects, bagged Rs10bn order from ONGC. (ET)

BPTP, which bagged the Rs50bn 95 acre plot of land in Noida, has returned the property back to the district authority. (FE)

Maytas Infra plans to set up task force to provide managerial assistance to the company. (FE)

Coal India may assure 75% of fuel supply under the fuel supply agreement. (FE)

Subhiksha Group plans to raise funds through its NBFC arm Vishwapriya Financial Services. (ET)

Glenmark Pharmaceuticals received US regulatory approval for marketing of Lithium carbonate capsules. (FE)

Corporation Bank reduces lending and deposit rates. (FE)

Bank of India raises Rs4bn via bonds. (FE)

Eicher Motors January sales dropped by 58% to 940 units against 2,253 last year. (Mint)

Tata Metaliks gets prospecting license for iron ore mines in Maharashtra. (BL)

Research company raises concern on DLF’s fund raising plan. (BL)

JSPL hopes to complete first phase of Angul project by 2010. (BL)

Ashapura Minechem seeks partner for Maharashtra project. (BS)

Educomp to foray into budget schools.(BS)

State clears up to 25% hike in pay and pension. (ET)

NASSCOM lowers IT services exports growth to 17% in FY09. (ET)

Credit flow to housing sector remains stagnant despite rate cuts. (ET)

Government plans to levy special duty on import of LAB. (ET)

Petroleum ministry is seeking re-introduction of seven year income tax holiday for natural gas producers. (ET)

Government issues Rs219bn bonds to IOC (Rs119.4bn), BPCL (Rs53.1bn) and HPCL (Rs46.8bn). (ET)

Banks bar textile exporters from currency hedging to curb defaults. (ET)

TRAI has asked telecom companies to drop call rates. (FE)

Direct tax mop up growth slows to 13.2% (FE)

441 mining projects were cleared in 2008, a jump of 63.9%. (FE)

Steel ministry plans to cut import duty on ferro nickel. (FE)

Government announced the issue of 6.65% Fertiliser Companies Government of India Special Bonds 2023 for Rs60bn at par to 23 fertiliser companies as compensation towards fertiliser subsidy. (BL)

Government launches ethanol blending on pilot basis. (BS)