Daily News Roundup - Feb 5 2010

Israeli SC orders status quo in Sun-Taro battle, Sun Pharma asked not to buy additional Taro shares. (BS)

L&T, EADS in talks to revive defence joint venture. (ET)

M&M initiates talks with UK-based Triumph Motorcycles and Moto Guzzi, Italy to roll out premium bikes for the Indian market. (ET)

GTL plans to raise Rs14bn through non-convertible debentures to invest in green energy products and solutions for telecom infrastructure. (ET)

Reliance Capital Partners buys 3.4% stake in Fame India. (BS)

ACC net up 42% at Rs15.64bn as against Rs11bn in the year-ago period. (ET)

Ambuja Cements records a 12% fall in yearly consolidated net profit at Rs12.16bn as against Rs13.89bn. (ET)

Essar Oil plans to increase its number of petrol pumps to 2,000 in the next few months from 1,450 currently. (ET)

Dalmia Cement hikes its stake in OCL India from 21.7% to 45.4%. (BS)

Vishal Retail promoters and lenders to meet next week to sort out the differences over management changes and other modalities of the corporate debt restructuring (CDR) process. (BS)

Kiri Dyes plans to shift product manufacturing base of DyStar to India and China. (BS)

Advanta India acquired Crosbyton Seeds for US$13mn through its US subsidiary. (BS)

Aurobindo Pharma gets USFDA nod for Cetirizine Hydrochloride Solution used for treating allergies. (DNA)

Dr Reddy’s Labs will be debt free in three years. (DNA)

Hindustan Zinc cut zinc prices by Rs9,600 a tonne. (DNA)

ACC is aggressively looking at expansion and acquisitions. (DNA)

Era Infra to tie up funds for 2 projects by April. (DNA)

Essar Group says talks progressing on Shell units buy. (DNA)

Dalmia Cement posts 20.9% increase in sales for the month of January at 3.05 lakh tons as against 2.52 lakh tons in the same month last year. (BS)

L&T Finance to tap NCDs to raise Rs5bn. (BS)

The US drugs regulator has asked Ranbaxy to immediately assess the manufacturing practices at its plants. (ET)

BSNL lost the bid for managing telecom networks of the Ethiopian Telecommunications Corp, in the African nation. (ET)

Nasscom has predicted a gloomy 5.5% growth in India’s software and service exports this fiscal to US$49.7bn. (DNA)

Trai plans telecom tower policy by June, aims to curb mushrooming of cellsites in residential areas. (ET)

The government has raised the onetime entry fee for internet service providers licence by up to Rs1mn while extending the validity by five years. (ET)

Overseas borrowings dip to 4-year low at US$16.7bn in 2009. (ET)