Daily News Roundup - Feb 19 2010

Bharti Airtel may sell stake to SingTel to part-fund its purchase of Zain’s Africa assets for US$10.7bn. (ET)

L&T to venture into wind and hydro power generation. (ET)

Coal India to offer coal from its Krishnashila coal mines to Hindalco at 10% premium over the notified price. (ET)

SAIL in talks with some companies for acquiring coking coal blocks in Australia, New Zealand, Mozambique and Indonesia to achieve its production targets. (BL)

RIL may ask for more time to sweeten LyondellBasell bid. (FE)

Tata Motors appoints Ralf Speth as CEO of Jaguar Land Rover with the overall responsibility for its operations. (ET)

Swiss loan puts Wockhardt in a spot of bother. (ET)

Three international investors have decided to sell their holdings in Vedanta on concerns over its human rights record. (ET)

Navratna companies such as IOC, NTPC, ONGC and SAIL are likely to get ‘Maharatna’ status within the next 60-90 days. (ET)

Government allows ONGC and GAIL India to take 8.4% and 4.2% stake respectively, in a pipeline that China is building in Myanmar to transport gas from offshore blocks A-1 and A-3. (BL)

BPCL arm strikes gas in Mozambique. (FE)

Dr Reddys’ Laboratories to move 25% more Betapharm production to India. (BS)

M&M’s farm equipment sector is looking for local partners to outsource the assembly of its newly-launched low-cost 15HP tractor, Yuvraj. (FE)

Adani Group has evinced interest in setting up a 100mtpa port in Orissa at an investment of Rs100bn. (BS)

PFC to pick-up direct equity in power projects. (FE)

Suzlon bags L&T arm project to set up 8.7MW wind energy project in Tamil Nadu. (FE)

Godrej Consumer in talks with some domestic and international firms for buyouts. (FE)

Radhika Piramal, the younger daughter of Dilip and Gita Piramal, to become VIP Industries’ managing director from April 10, 2010. (ET)

BEML has tied-up with a polish company, Obrum, to jointly design and develop futuristic main battle tanks for the Indian Army. (FE)

GTL is planning to take its total cell sites to 50,000 in the next three years. (FE)

Spencer's Retail is set to invest up to Rs1bn in the coming financial year to open, close to 15 large-format stores. (BL)

Dishman Pharma has entered into a strategic alliance with a California-based biotech company Codexis. (ET)

EXL Services plans to establish a delivery footprint in the US through an acquisition. (ET)

Food inflation rose for the fourth straight week to 17.97% for the week ended February 6. (ET)

For the first time since 2002, urea prices for the farmer will go up by 10% as part of the nutrient-based subsidy scheme to be implemented from April 1. (ET)