Daily News Roundup - Sep 24 2009

Infosys, TCS and Wipro to dole out raises and promotions. (ET)

ONGC’s new fields to pop out oil by mid 2010. (ET)

NTPC inks deal to buy part of KG gas at US$4.2/mmBtu. (ET)

Real estate developers such as Unitech, DLF and HDIL have started hiring again. (ET)

25 channels of Zee Network will air ads only of brands that belong to HUL’s portfolio of personal and skin care categories. (ET)

Vedanta Resources has hiked Sesa Goa holding by 2.1% through open market purchases. (BL)

Jet Airways has sought permission to sell shares to overseas investors as it may not be able to raise funds here. (ET)

ONGC to spend Rs50bn on east coast fields. (BS)

Wipro plans to explore options to sell its development centre in France. (ET)

TCS bags Rs1.4bn Andhra Pradesh government SWAN project. (ET)

Suzlon Energy promoters raise Rs6.78bn from 4.5% stake sale. (ET)

Cipla mops up Rs6.71bn through QIP. (ET)

Jaiprakash Associates raises Rs11.9bn via treasury shares sale. (ET)

JSW Energy to set up 2,400MW thermal power plant in Gujarat. (FE)

Gammon Infra may raise Rs5bn through QIP. (ET)

Raymond plans to sell stake in apparel, engineering arms to PE investors. (ET)

Kingfisher plans to raise up to US$175mn before March 2010 via rights issue and GDR. (ET)

3i Infotech raises Rs3.18bn via QIP. (ET)

UTV sends legal notices to Adlabs and UFO Moviez, demanding compensation of Rs500mn. (ET)

Ispat Industries to spend Rs26bn on expansion over next two years. (BL)

Corporation Bank targets 22% loan growth in the current fiscal. (BL)

Gitanjali Group to foray into apparel business. (FE)

Adhunik Metaliks to foray into power sector. (BS)

Wireless subscribers base increase by 15mn in the month of August 2009. (BS)

India’s external debt stood at US$229.9bn at March-end 2009. (ET)

SEBI may allow mutual funds units to be traded on exchanges. (BS)

Government approves Rs3.93bn FDI proposals. (BS)

Tea likely to get agri commodity status; eGoM to take a call. (FE)

Government mulls pharmacy chain in Nigeria to counter fake drugs. (BL)