Daily News Roundup - Feb 9 2010

BHEL has secured Rs10bn contract from Punatsangchhu Hydroelectric Project Authority. (FE)

GMR Infrastructure plans to raise over Rs15bn via private equity route. (ET)

Mahindra & Mahindra and the UK’s BAE Systems to inject US$21.25mn over a three-year period into their joint venture company, Defence Land Systems India. (BS)

Pantaloon Retail plans to spin off at least five of its brands and merge them with Capital Foods. (ET)

Nagarjuna Construction secured five orders aggregating Rs5.8bn. (BL)

Jet Airways plans to raise US$200mn in the coming 3-4 weeks via QIP route. (FE)

Areva T&D India bagged two projects worth Rs2.8bn from Power Grid Corporation of India for installation of sub-stations in Punjab and Haryana. (BL)

Cipla maintained its top position in the domestic market for the 2009, with a market share of 5.38%.(BS)

JSW Steel group has brought forward the date for commencement of work on its steel project at Salboni in West Bengal by about a year. (BS)

Global private investment firm TPG has submitted a proposal to the corporate debt restructuring (CDR) cell to buy stake in the Vishal Retail. (BS)

Turkish Airlines to lease three Boeing 777 from Jet Airways. (BS)

PTC India Financial Services Ltd, an arm of power trading major PTC India, has raised Rs1bn by issuance of secured non-convertible debentures. (BL)

Wadia family of Bombay Dyeing is considering raising its stake through a preferential issue of warrants. (ET)

Lupin has received final approval from the US drug regulator for marketing Amlodipine-Benazepril capsules, used for treating high blood pressure, in America. (ET)

Inox Leisure has acquired a 43.28% stake in Fame India for an all-cash consideration of Rs664mn. (ET)

L&T Finance plans to raise upto Rs5bn through non-convertible debenture. (ET)

Centre mulls domestic sugar ban for bulk users. (BS)

India Infrastructure Finance Company (IIFCL) has kicked off work on a US$1bn medium term note program to raise resources for funding power, road, port and airport projects. (BS)

Central Statistical Organisation (CSO) pegs 2009-10 growth at 7.2% on industrial progress. (BL)

With soaring asset prices, RBI has ruled out one more round of restructuring of real estate loans which may increase non-performing assets of banks. (ET)

The commerce department clarified that SEZs would continue to enjoy tax benefits in their current form even after the proposed Direct Tax Code is implemented. (ET)

The financial ministry officials noted that it has no plan to raise the limit on foreign institutional investment in debt. (FE)