Daily News Roundup - Dec 10 2009

Lyondellbasell has said that it has not yet received a final bid from RIL. (ET)

Hardy Oil and Gas and RIL may drill 7 wells at two gas fields in India. (BS)

ONGC along with OIL India and Turkish Petroleum is likely to bid for Iraq’s giant Halfaya oil field. (ET)

ONGC Videsh has entered into a MoU with Sistema to jointly acquire and develop oil and gas fields in Russia and other CIS countries. (BS)

Infosys says it will make 13,000 campus offers for 2010-11. (BS)

Tata Motors looks to enter Swaraz Mazda by acquiring a 53% stake of Sumitomo. (ET)

American Tower Corporation to buy Essar Telecom Tower arm for US$400mn. (ET)

Hindalco to raise Rs45bn as debt to achieve financial closure for Utkal Alumina Refinery. (BS)

Suzlon Energy has received a Rs1.9bn order from Rajasthan State Mines and Minerals Ltd. (BL)

BHEL has developed a high temperature super conducting transformer of 1MVA, three phases, 33/6.6KV capacity. (BL)

M&M’s US arm to open a new assembly and distribution centre by end of this months. (ET)

Bajaj Auto has launched a 135-cc Pulsar, which will be manufactured from Chakan plant having a manufacturing capacity of 35,000 bikes. (ET)

Bajaj Auto to exit scooters business. (BS)

Fortis Healthcare is in talks to buy Lanka Hospitals chain. (BS)

Pfizer sues Dr Reddy’s over the sale of generic version of its best anti-cholesterol medicine Lipitor. (ET)

SEBI restricts Barclays to issue fresh P-Notes. (ET)

Mahindra Satyam has agreed to pay US$70mn to Upaid for out of court settlement. (ET)

PNB offloads 26% in its housing finance arm. (ET)

Government may sell Rs140bn worth of shares in NMDC. (BS)

TCS has entered into a 15-year agreement with Cardiff Council on a project aimed at making it easier for resident of the Welsh Town to access council services. (BS)

Elecon Engineering has bagged an order worth Rs290mn from Tecpro Systems. (BL)


SEBI restricts Barclays to issue fresh P-Notes. (ET)

RBI brings back price ceiling on overseas borrowing or the maximum rate at which Indian corporates can raise foreign funds. (ET)

Centre to sell 3mn tons of wheat and rice in the open market. (ET)

Government to rethink of excise duty SOPs for manufacturing unit in Himmachal Pradesh and Uttarakhand. (ET)

Exports to grow 15%, says Commerce and Industry Minister. (ET)

RBI tells banks to cover all villages by 2011. (ET)

Property tax to be raised by 5% in Delhi. (BL)

Government to consider uniform power tariff in Mumbai. (BL)