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Thursday, July 02, 2009

Daily News Roundup - July 2 2009


RIL plans to move to Supreme Court against KG gas ruling (ET)

Ms.Roshni Nadar, daughter of Mr.Shiv Nadar, has been appointed as the CEO of HCL Group (ET)

Hindalco and its subsidiary, Novelis, are planning to relocate some of its European plants to India (ET)

The Hero Group will decide on the future of its 25-year old JV with Japan’s Honda Motors well before expiry in 2014 (ET)

L&T has received orders worth Rs6.5bn from HPCL-Mittal Energy and MRPL (BS)

Tata Motors and Ashok Leyland may hike truck prices by 2% on high input costs (ET)

IOC plans to invest over Rs600bn to scale-up its refining capacity to 80mtpa by FY12 (BL)

Tech Mahindra to raise stake in Satyam through preferential allotment (ET)

Unitech plans to raise Rs28bn through private placement of shares to institutional investors at Rs81/share (FE)

Government has deferred decision on Unitech Wirelerss’ FDI proposal (BL)

Government has deferred its decision on UB Group’s proposal for raising Rs7bn by issuing convertible warrants to FirStart (BS)

JSW Steel has decided to postpone its investments in iron ore mines in Chile (FE)

HCC raises Rs4.8bn through QIP (BS)

Gammon Infrastructure in consortium with two other firms has bagged orders of Rs5bn from Paradeep Port Trust (FE)

Punj LLoyd subsidiary, Sembawang Engineers, has bagged an order worth Rs12.6bn to construct two key stations in Singapore (ET)

Bajaj Hindustan raises Rs7.2bn via QIP route (ET)

IFCI mulls holding company for banking foray (ET)

Nagarjuna Constructions has bagged orders worth Rs8bn (BS)

Jubilant Organosys subsidiary has been asked by UK Medicine and Health Regulatory Authority to recall various batches of its product, Amlodipine Besilate, from the UK market (FE)

Yes Bank plans to double its branches next year (BS)

Lupin has acquired global rights for intra-nasal steroid product, Aller-Naize (BL)

Government hikes price of petrol by Rs4/litre and diesel by Rs2/litre (ET)

Steel companies may hike prices by 5% this month (ET)

Exports decline by 29% to US$11bn while imports fell by 39.2% to US$16.2bn in May 2009 (ET)

India’s external debt increased by 2.4% to US$230bn in FY09 (ET)

IRDA bars insurance companies from investing in IDRs (ET)

Companies violating ECB norms will not be able to raise fresh overseas loans through the automatic route (ET)

Developers of SEZ will be allowed to raise foreign debt for creating specified infrastructure facility in the zones (ET)

Libya has become third African country to ban import of Indian drugs (BS)