Daily News Roundup - Jan 15 2010

Wipro is set to launch a sponsored ADR offering that could possibly see the promoters and promoter group led by Azim Premji offloading some of their stake in the company. (ET)

BHEL has bagged Rs2bn order from PowerGrid for supplying insulators for setting up transmission lines. (ET)

Reliance Entertainment is likely to put in a bid for the iconic film studio Metro-Goldwyn-Mayer or MGM. (ET)

BPCL halts oil block buys, stresses on production. (FE)

Era Infra bags Rs16.59cr orders from NHAI. (FE)

Punj Llyod bags Rs5.74bn project in Thailand for oil facility. (FE)

NTPC to add 6,000MW each year in the 12th plan. (BS)

ITC’s stake in Hotel Leela rises to 7.37%. (BS)

Essar Group is indirectly transferring part of its Indian holding in Vodafone Essar to its overseas investment company. (ET)

Reliance Retail and partner Pearle Europe plan to open up to 700 stores of their eyewear retail chain 'Vision Express' across India in the next seven to eight years. (ET)

Government to divest 10% stake in Engineers India. (ET)

Holcim plans to invest US$1bn in setting up 2-3 greenfield cement making plants in the country in the next five years. (ET)

Promoters of Ansal Properties are going to buy out the public-listed companys education business subsidiary Knowledge Tree Infrastructure KTIL after hiving it off into a separate entity. (ET)

PowerGrid gets board nod for Nepal project. (ET)

Max India to issue Rs1.73bn warrants. (BS)

IDBI Bank has approached the Government to rejig capital structure. (BS)

Usha Martin to raise Rs5bn via QIP. (BS)

Tantia Constructions to dilute 10% equity. (BS)

Reliance Infratel IPO gets Sebi's nod. (FE)

INOX to buy 44% stake in Fame India. (BS)

Government to allow only foreign GSM companies to bid for 3G play. (ET)

Inflation rose the most in more than 12 months to 7.31% from a year earlier. (ET)

India’s vegetable oil imports rose by 5.61% in December
2009. (ET)

Oil ministry rules out hike in auto and domestic fuel prices. (FE)

Finance ministry is unwilling to pay the entire Rs317bn demanded as compensation by the petroleum ministry on behalf of the state-owned oil companies. (ET)