Daily News Roundup - Sep 30 2009

L&T to raise US$600mn from institutions through equity issuance. (ET)

L&T expects Rs80bn revenues from nuclear power capacity addition programme. (ET)

L&T has developed expertise to manufacture nuclear power plants of 3,000-4,000MW says Chairman, AM Naik. (FE)

GAIL to spend Rs180bn in next three years to augment its gas transportation network by 6,000kms. (ET)

Bharati Shipyard and ABG Shipyard are expected to receive SEBI nod for Great Offshore open offer soon. (ET)

The government has threatened to cancel the coal block allotted jointly to ArcelorMittal and GVK Power in Jharkhand for their inordinate delay in developing the property. (FE)

Bharati Shipyard is considering a Rs2bn capital expenditure over the next two years. (FE)

IDBI Bank cuts new home and auto loan rates. (FE)

Oil India plans to set up mini liquefied natural gas plants to monetize natural gas in Assam fields. (ET)

Bharti Airtel launches 1mbps IPTV services. (BL)

Billing rates to be under pressure, says Mastek. (BL)

Wockhardt gets FDA nod for marketing 0.4mg capsules of Tamsulosin hydrochloride drug. (FE)

TCS to provide an end-to-end system integration services to Carnation Auto, a Jagdish Khattar initiative. (BS)

TVS Group is set to create its brand in green power energy through a new company. (BS)

ADAG chucks out plan to grow stock and commodity exchange business. (BS)

L&T Info bagged a multi-year, multi-million dollar contract from a large German semiconductor manufacturer, Infineon Technologies AG.

GSPC gets second LNG cargo at Dahej terminal. (BL)

Omaxe to invest Rs15bn over the next three years. (FE)

Financial Technologies to raise Rs15bn by issuing shares in international market and by private placements. (ET)

Shree Ashtavinayak gets board approval to raise Rs7.2bn through FCCB/ADR/GDR. (ET)

Mindtree to acquire Kyocera Wireless arm for US$6mn. (ET)

Kingfisher Airlines to increase its international operations. (ET)

Jet Airways to sell its Mumbai land to raise Rs10bn. (ET)

Lodha Developers, Prime City and Emaar MGF have filed DRHP to raise as much as Rs100bn. (BS)

Parsvanath Developers plans to raise US$35mn through private placement of shares. (BS)

UCO Bank asks government for Rs7.5bn aid. (FE)

Ingersoll-Rand has revived an earlier plan to buy back shares. (BS)

Nagarjuna Fertilizers has revamped its operations and raised its production capacity from 1.2mtpa to 1.56mtpa with an investment of Rs2bn. (BL)

K Sera Sera Production is planning to set up its own studios and is also looking for tie-ups for various projects. (BL)

Dabhol LNG terminal to be operational by November. (BS)


The Centre is considering dual rates under the GST regime. (FE)

Economy to grow by 7% in FY10 says Chief Economic Advisor. (ET)

Price pressure waging on expansionary stance, says RBI. (ET)