Daily News Roundup - July 15 2009

Sterlite Industries to raise over US$1bn to finance expansion. (ET)

DLF sales non-core assets to raise funds for reducing debt. (MINT)

IOC delays overseas investment because of reduce cash flow after selling fuel below cost. (MINT)

Vedanta Group plans to invest US$2bn in assets. (MINT)

Government has no play in gas sharing row says RNRL. (BS)

OVL may pick up a stake in Chinese pipe line for US$1.95bn. (BS)

Madras High Court stops Daiichi Sankyo from going ahead with its proposed open offer to acquire an additional 20% stake in Zenotech. (ET)

Suzlon to raise over US$1bn to retire debt. (ET)

Citigroup, JP Morgan and UBS to help Essar Oil to raise US$200-250mn through a fresh issue of equity shares. (ET)

Indiabulls Power, an 100% subsidiary of Indiabulls Real Estate plans Rs15bn IPO in August. (ET)

Indage Vintners scales down operation in most regions outside Maharashtra. (ET)

ABB bags order worth Rs1.4bn. (BL)

HCC is targeting an order book of Rs300bn in the next three years. (BL)

ADAG group faces Enforcement Directorate probe for foreign exchange management act violation. (BL)

Adani Power, a subsidiary of Adani Enterprises, gets SEBI nod for IPO. (BL)

GLaxo plans to invest US$97mn over the ten years to improve research development and access to AIDS drugs in Africa. (BL)

Bhel wins order worth Rs6.4bn. (BL)

Tata Comm bags a deal from Sistema Shyam to deploy its on-demand hosted contact centre across the country. (BL)

Rajesh Export consultants its retail brands into single entity. (BL)

BSNL may charge one-time fee from WiMAX bid winner. (ET)


Cement sales grow 11% in Q1 FY10. (BL)

Government plans to set-up an expressway authority for speedy execution of expressway projects, road transport and highways. (ET)

Monsoon to be normal, insists IMD. (BS)

ATF prices may decline 5-6% across cities from next fortnight beginning July 16th. (BS)

Personal Computer sales dip 7% yoy during FY09. (ET)

The new mega power policy may extend waiver on import duty exemption to plants planning expansion. (ET)

FM says disinvestment is firmly back of UPA government agenda. (BL)