Daily News Roundup - Aug 20 2009

Sterlite ups Asarco bid to US$2.2bn. (ET)

Oil ministry to support NTPC in its legal battle to get natural gas from Reliance Industries at prices committed in 2004. (BS)

Infosys has bid for 10 large government projects in India. (FE)

NTPC has not yet decided on filing a petition in Supreme Court on its dispute with Reliance Industries. (FE)

HDFC unlikely to dilute stake in HDFC Bank before National Housing Bank deadlines. (ET)

IOC may post higher refining margins in Q2 FY10. (BL)

Maruti Suzuki is expecting a double digit growth in the next few months. (ET)

Sun Pharma wins US court ruling in Eli Lilly patent challenge. (BS)

Government is not considering any further dilution in Nalco and Hindustan Copper. (BS)

Jaiprakash Hydro to raise Rs15bn via stake sale or issue of securities. (ET)

Apollo Tyres plans to hike tyre prices. (BL)

Asian Paints 100% subsidiary Berger International to divest its stake in the Malaysian arm. (BL)

Glenmark Pharmaceuticals first prospective drug molecule Oglemilast has been shelved. (BL)

MIC Electronics to raise Rs2bn. (BL)

PSL bags Rs2bn order from GAIL. (BL)

Tata Docomo open to buy new players in India. (BL)

Trianz Inc to acquire Megasoft’s US arm Blue Ally for US$13-15mn. (BL)

Videocon launches DG Home concept stores. (BL)

RPG to invest Rs1bn in Spencers. (BL)

Panacea Biotech has bagged a US$223mn order from UNICEF. (ET)

Sahara plans to tap capital markets with US$1bn IPO for realty arm. (ET)

Docomo may raise stake in Tata Teleservices from the current 26%. (BS)

ITC to launch new products in stationery business. (BS)
Private airlines would be allowed to import jet fuel on their own to avoid high sales tax ranging from 12-34% levied by state governments. (ET)

Sugar stocks cap set to force food and beverages firms to import. (ET)

India’s June FDI inflows at US2.58bn, up 8%. (ET)