Daily News Roundup - Feb 11 2010

TCS to hire 21% more in FY11. (BS)

SAIL divestment plan to be presented to cabinet in 10 days. (ET)

Hindalco to raise Rs49bn via debt. (BS)

The dispute between Netherlands based Brakel Corporation and Reliance Infra for twin Hydro projects in Himachal Pradesh has reached the Supreme Court. (ET)

ONGC not to set up arm for Assam operations. (BL)

RIL plans to shift registered office to Jamnagar. (ET)

Government plans private placement of BSNL shares. (BS)

Telenor buys additional 7% stake in Unitech Wireless for more than Rs20bn. (ET)

Shree Cement is setting up a grinding unit at Roorkee and Suratgarh for an investment of Rs3.5bn. (ET)

IDBI hikes FD rates by 50bps. (ET)

Ranbaxy to market Daiichi products in Mexico. (ET)

Kingfisher Airlines plans to raise Rs4bn via 1:1 rights issue. (ET)

Tata Tea to enter mass packaged mineral water market. (BL)

Fortis to raise Rs12.5bn by issuing shares in domestic and international market. (ET)

Essar Steel plans to raise US$1bn from overseas markets to fund expansions. (ET)

Bombay Dyeing promoters’ eye to hike their stake by 5% by subscribing to convertible warrants. (ET)

Elder Pharma enters into injectable segment with a new manufacturing facility at Dehradun. (BL)

Zensar Technologies may go for acquisition by September. (BL)

NIIT Technologies bags order worth Rs2.3bn from Border Security Forces. (BL)

FM to meet petroleum minister to discuss political feasible price rise in fuel prices. (ET)

RBI to introduce a new benchmark from April 2010 that will more accurately reflect movement in interest rates. (ET)

Centre plans to freeze F&O trade in companies opting for FPOs. (ET)

Government may remove anomaly in import duty structure, which is affecting the competitiveness of domestic firms. (ET)

Excise duties are likely to be raised by 2-4% in forthcoming budget. (BL)

Issuance of oil bonds are expected to be phased out as the first step towards containing fiscal deficit. (BL)

All India Tyre Dealer Federation has asked union finance and commerce minister to remove import curbs on tyres. (BL)