Daily News Roundup - Jan 8 2010

Reliance Industries announces 1:1 bonus issue and Rs13 per share as dividend. (ET)

Reliance Industries to invest US$8.8bn in developing KG-D6 field. (ET)

Government looks to sell 5% in NTPC. (ET)

HDFC expects 20-25% growth in loan disbursements in 2010. (BS)

Tata Steel has reported 19% increase in sales volumes in Q2 FY10. (ET)

Tata Steel to start importing coal from its Mozambique mines in 1.5 years. (BS)

BHEL is looking at Africa for setting up its first manufacturing facility abroad. (BS)

TCS to tweak currency strategy on Rupee swings. (ET)

Tata Motors is expected to produce around 40,000 Nanos this fiscal and increase it four-fold to over 170,000 units during FY11. (BL)

BHEL is set to begin the process of due diligence for picking up a majority stake in a Hungarian engineering company, Transelektro Ganz Rock Boiler and Power Equipment Company. (BL)

Essar Group and JSPL are competing to take over a coal mining company in Australia. (BS)

JSW Energy to set up 10 power plants with a capacity of 1,350MW in Rajasthan. (BS)

Bajaj Auto has launched the Kawasaki Ninja 250R. (BL)

Ranbaxy’s French units raided in EU drug probe. (BS)

Dr Reddy’s Laboratories has launched Strea C10 (pure topical Vitamin C 10%) and Strea A15 (pure topical Retinol 0.15%) in the domestic market. (BL)

SAIL will import about 11mn tons of coking coal this fiscal, lower than the imports in 2008-09. (BL)

NMDC has lined up a capital expenditure programme of Rs25bn to increase the capacity of its ore production from 30mn tons to 50mn tons by 2014. (BL)

JSPL has been asked to stop work on its Orissa steel unit by the Divisional Forest Officer. (BS)

Mahindra Satyam has tied up with the US-based Vision Solutions, to strengthen its high availability and disaster recovery offerings. (BL)

Ansal Properties and Infrastructure in talks with PE players to raise US$100mn. (ET)

PTC’s financial services arm raises Rs1bn through non convertible bonds. (ET)

Parsvanath Developers has decided to raise Rs1.68bn by allotting shares to QIPs. (ET)

The board of Uniphos Enterprises approves Rs1bn fund raising. (ET)

Era Infra bags 2 orders worth Rs1.47bn for construction related works. (FE)

Kingfisher has returned 19 leased aircrafts in the past 10 months. (FE)

Finance Minister to nudge government banks to keep hold interest rates. (ET)

GDP to grow over 6.3%, as per the planning commission. (ET)

Bank credit expanded by Rs1,089bn in Q2 FY10. (ET)

RBI has rejected a government proposal to auction ECBs to Indian companies. (FE)

Multiplex operators across the country have hiked ticket prices by 15–20%. (BL)