Daily News Roundup - Feb 1 2010

IOC has sought government’s intervention to participate in US$12.5bn Iranian projects. (ET)

Relinace Infra led consortium aims to achieve financial closure for the Rs110bn second phase of Mumbai Metro by October 2010. (BS)

TCS has bagged a US$50mn deal in the platform-based BPO unit. (BS)

Wipro is planning to reduce its headcount in Finland by around 85 people. (ET)

Bharti Airtel has partnered with US-based Limelight Networks for content delivery network services in India. (ET)

SBI says that it is not looking at acquisitions of any other bank outside the SBI group. (ET)

GAIL expects work on the Dhabol-Bangalore gas pipeline project to be completed by March 2010. (ET)

HCL Tech has appointed Mr. Satish Chadrashekharan to spearhead its global services delivery and retail vertical. (ET)

Reliance Capital AMC is negotiating with Malaysia to manage up to US$5bn of public and government fund. (ET)

Tata Teleservices has added 3.3mn subscribers in December 2009, becoming the No.1 operator in terms of subscriber addition for the fifth consecutive time. (ET)

HCL BPO is planning to increase headcount in its media BPO division to 600 from present 300 in the next 12-18 months. (BL)

Hindustan Zinc has reduced zinc prices by Rs900 a ton. (BL)

The Shipping Secretary says that government has no plans to divest stakes in SCI and Dredging Corporation. (ET)

Gammon Infra intends to buy stakes in international airports projects. (BS)

Essel Group and Bhushan Steel are set to acquire 250 acre plot in Khargar for Rs15.3bn. (BS)

Mercator Lines is looking at acquiring more coal mines in Indonesia. (ET)

Jubilant Organosys is de-merging its non core business, agri and performance polymer, into a separate subsidiary. (ET)

Trent to scale up Star Bazaar stores to 18 by the end of FY11. (ET)

Triveni Engineering proposes to hive-off its steam turbines business into a separate company. (BL)

Spectrum usage fees go up by 20% from January 1, 2010. (ET)

Government boosts PDS grain flow to fight against inflation. (ET)

Decline in farm output may pull down GDP growth in Q3 FY10 to 6-6.5%, says Pronab Sen, the Chief Statistician of India. (ET)

Food Inflation eased to 16.81% for the week ended January 9, 2010. (BL)

Trai moots plan to charge operators for phone number allocations. (BL)

Government to start 3G auction on February 25, 2010. (BS)