Daily News Roundup - Oct 15 2009

NTPC and Coal India to form a 50:50 JV for developing coal mines. (FE)

Reliance Industries to buy refinery and petrochem units in US and Europe. (BL)

Oman Oil Company buys stakes in two of the oil blocks run by Reliance Industries in the Gulf of Oman. (BS)

Tata Motors launches Indigo Manza. (FE)

Government to widen the scope of R Com Audit review. (FE)

L&T may enter into power generation business. (BS)

L&T bags an order worth Rs9.6bn. (BL)

Gail India has formed its first foreign JV with China Gas Holdings for taking up various city gas projects in China. (BS)

Cairn India has raised US$1.6bn for Rajasthan projects. (BS)

GVK Power to raise Rs18bn for potential acquisitions. (BL)

Coal India is planning to float a global tender worth US$1.6bn for earth moving equipments. (BL)

Aditya Birla Nuvo is close to finalizing spin-off of its financial services business. (ET)

Tata Power may raise US$250mn for expansion. (ET)

Suzlon Energy sells wind power company Super Wind Projects for Rs2.5bn. (ET)

TVS Motors hopes to sell 20,000 auto-rickshaw this year. (BL)

Tata Docomo to roll out 100 dive in stores in India. (FE)

Glenmark Pharmaceuticals gets a warning from USFDA regarding its drug Codeinsulfate. (FE)

Oberoi family to sell 17% stake in EIH to Analjit Singh of Max India for Rs12.5bn. (ET)

Titan Industries to set up 300 stores under its watch business by next fiscal. (BS)

Spice Jet is working on a plan to start international operations in the next year. (BS)

Aditya Birla PE Fund to pick up 0.5% stake in BSE. (BS)

Nuclear Power Corporation of India to raise Rs230bn for setting up nuclear park. (BS)

Air India targets cost cuts worth Rs30bn and increase revenue by Rs20bn. (BL)

Government may give Rs13bn each to four PSU fertilizer plants to help them shift from liquid fuels to gas. (BS)

Refiners told to re-assess position on BS-III fuels. (BL)

India and Argentina sign civil nuclear pact. (BL)

Railway freight traffic up 6.45% in H1 FY10. (BL)