Daily News Roundup - March 4 2010

Infosys plans salary hike across board in April 2010. (ET)

NTPC and L&T keen to partner IOC for the LNG project. (BL)

BHEL set to bag orders for steam turbine generators.(BL)

Hindalco has suspended operation at its Nagpur unit due to labour problems. (BL)

SBI plans to scale up the intake of the clerical staff to 25,000 from initial estimate of 11,000. (BS)

SAIL and Tata Steel hike prices by up to Rs2,000/ton. (BS)

Ashok Leyland February sales up 142% yoy to 7,869 units. (BS)

Mines Ministry not to dilute government stake in NALCO. (ET)

US citizen files case against Ranbaxy, claiming the company marketing some products with false patent claims. (BS)

Titan Industries anticipates ~21% growth in its turnover in FY10, plans to enter new foreign market. (BL)

Tata Tele Services to compensate its subscribers if the services were not upto the mark. (ET)

Inox Leisure likely to increase its open offer price for Fame India to attract minority shareholders and stave off bid by Reliance Mediaworks. (ET)

SpiceJet plans US$75mn preferential issue by September 2010. (ET)

Era Infra has bagged orders worth Rs5.08bn. (BL)

Aditya Birla Retail plans to invest Rs18bn over the next eight years to scale up its hyper markets ‘More’ across the country. (ET)

Panacea Biotech has entered into an advanced marketing commitment with Ministry of health and family welfare for supplying swine flu vaccine ‘Pandyflu’. (ET)

IT Department raided Bhushan Steel premises in Ghaziabad, and Delhi to investigate suspected tax evasion by the company. (BS)

A committee headed by Sam Pitroda has suggested government a 15-point formula to turn around BSNL. (BL)

Credit rating agencies may come under the ambit of IRDA and RBI. (ET)

Shipping lines have hiked container freight rates by 30-40% in the Indian-Europe-US sector. (BL)