Daily News Roundup - Oct 22 2009

Supreme Court asks RIL and RNRL to seek arbitration to resolve KG-D6 gas dispute. (ET)

ONGC to hive-off Assam assets into a wholly-owned subsidiary. (BL)

SAIL stake sale in FY10, says Steel Minister. (BS)

SBI eyes a buy-out in Indonesia worth US$100mn. (FE)

Axis Bank, BOB and IDBI are likely to raise US$500mn each via ADR/GDR issue. (ET)

Mahindra Satyam wins order worth US$8mn from clients in Middle East and North Africa. (BL)

Mahindra Satyam gets NYSE warning for late account filing. (FE)

Aditya Birla Group to recast its telecom business. (ET)

HCL Info emerges as the lowest bidder for BSNL deal for east zone. (BL)

Spencer Retail bets big on Gourmet stores. (BL)

United Spirits raises Rs16bn through QIP to pare debt. (FE)

Areva T&D has entered into a deal worth Rs9bn with Maharashtra State Electricity Transmission for the construction of sub-stations in the state. (ET)

RPG Cables is planning to bring in a new strategic investor to raise Rs2bn for cleaning up debt and erecting a new facility at Gujarat. (BS)

Government may divest stake in Hindustan Copper. (BS)

NELP VIII attracts US$1.34bn investment, says government. (BS)

India may grow by 6.75% this year, says PM panel. (BS)

RBI may ask banks to hold securitized debt for six months. (ET)

India aims to attract US$6bn European FDI in textile sector. (BL)

PMO asks petroleum ministry to significantly widen the scope of eGOM. (FE)

Fiscal deficit to go down by 1.5% to 5.5% says Prime Minister’s Economic Advisory Council. (FE)

Government assures stable coal supply for cement industry. (FE)