Daily News Roundup - March 11 2010

SBI to tap retail bond market next year with a 10-year issue. (ET)

RIL has leased an ultra deep water drill ship to boost offshore exploration. (BS)

Tata Steel hit by Orissa Government blanket mining ban order. (BL)

ITC arm to invest Rs11bn in Bhadrachalam paper plant. (BL)

NMDC FPO received bids for 17% of the share on day one. (ET)

NMDC and Nagarjuna Fertilizer are scouting for phosphate mines abroad. (BL)

Government says no FPO offers in IOC and ONGC as of now. (BL)

SBI prefers rights issue over FPO says Chairman OP Bhatt. (BS)

Adani Power out of race to supply power to Gujarat Urja Vikas Nigam. (BS)

Thermax has formed a JV with Babcock and Wilcox for making super critical boilers. (ET)

Jayshree Tea is close to acquiring a company in agro commodity space. (ET)

Supreme Infra wins an order for Rs4.5bn.

Maharashtra Government forms a JV with TCS for a 10-year e-governance project. (ET)

Special auditors submit report on Bharti Airtel to DoT. (ET)

SpiceJet to launch its international operation in June. (ET)

Nagarjuna Fertilizer to form subsidiary in Mauritius. (ET)

GVK Power and Infra arm bags Hydro Power Project worth Rs50bn in J&K. (ET)

SAIL plans to increase annual capacity to 26mn tons by 2014. (ET)

Videocon Industries has fixed right issue price at Rs225 per share. (ET)

Essar Oil interested in building new oil refineries in Indonesia. (ET)

Mphasis will announce salary increment in May. (ET)

P&G increases grammage of Tide Naturals by 25% without any hike in price. (ET)

BSNL board approves Pitroda panel report on 30% stake sale. (ET)

Disinvestment department has return to DoT seeking to know the listing plans for BSNL. (ET)

Dow and S&P 500 index would be soon available on NSE in Indian rupee term. (ET)

Government is considering allowing FI’s to guarantee bond issued by infrastructure companies. (ET)

RBI data indicates that second half bank loan grew by Rs376bn. (ET)

Domestic steel prices may rise next month on higher input cost. (ET)

Tyres production rises by 16% yoy to 79.2mn units during first 10-months of FY10. (BL)