Daily News Roundup - Aug 28 2009

Bharti Airtel has reportedly agreed to a small sweetener in its offer to MTN; it has reportedly agreed to offer MTN shareholders roughly US$13.1bn in cash, while the remaining amount would be in the form of shares.(FE)

Government clears a proposal to allow NTPC to invite tenders for 11 units of 660MW each over the next 45 days.(BL)

Bharti-MTN deal contours may change; two companies talk to South Africa’s Central Bank on course to complete transaction. (ET)

JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimated cost of nearly $350mn (ET)

Wipro has won two new outsourcing contracts estimated to be worth around $100mn each from Foster’s, Australia’s and Lavasa, a unit of HCC. (ET)

Exxon Mobil is in discussions with India’s top technology firms for outsourcing of several IT contracts worth up to $1bn, L&T Infotech and HCL Tech also in the fray for the same. (ET)

BHEL bags Rs1.9bn order from Oil India. (ET)

RIL gets gas rights to retail CNG to automobiles and pipe gas to households in 3 cities. (ET)

BSNL to offer US$500mn GSM contract to Ericsson.(BL)

Apollo Hospitals to get US$50mn loan from IFC.(BL)

BGR Energy Systems has bagged a Rs16bn order from the Chhattisgarh State Power Generation Company.(BS)

IVRCL Infrastructures & Projects has secured three orders including drinking water supply project in Mumbai, in all worth Rs5.8bn.(BS)

Nagarjuna Construction has secured three new orders aggregating Rs3.1bn.(BL)

Government to sell its 30% stake in Bharti Hexacom.(FE)

Mahindra Satyam BPO has bagged an outsourcing deal from Tata Teleservices for its newly-launched GSM services. (ET)

Pfizer India on Thursday said it would launch three or four more products in India by the next quarter. (ET)

Suven Life Sciences is in talks with four global pharma majors for a licensing deal for its Alzheimer drug Suvn-502. (ET)

Aurobindo Pharma get regulatory nod in US for making and marketing low-cost anti-infection drug Clindamycin Hydrochloride. (ET)

Government announces foreign trade policy for 2009-14; sets US$200bn export figure by March 2011.(BL)

Trade policy includes, amongst other things, incentives to capture 26 new markets in Africa and Latin America, duty-free import of capital goods for technological up gradation, dollar-denominated credit.(BL)

Industrial output registered a 7% growth in July, up from 6.4% in July 2008 and marginally lower than the 7.8% in June 2009.(FE)

Weak monsoon could stoke inflation, dampen growth, says RBI.(BL)

An empowered Group of Ministers fixes the base price for pan-Indian 3G spectrum at Rs35bn.(DNA)

India’s overall PC shipments for the second-quarter ended June 2009 touched 1.8mn units, logging a sequential growth of 5.2%.(BL)

RBI has held on to its 6% growth target despite a weak monsoon. (ET