Daily News Roundup - Apr 19 2010

HDFC has revived its teaser home loan rates for two weeks to protect market share. (ET)

L&T to make industrial tyres with Mitsubishi. (ET)

ONGC says that it will not be economically viable to produce gas from its Krishna-Godavari basin block at current sale price of US$4.2/mmBtu. (ET)

SAIL is in talks with Posco and Kobe Steel for technology tie-ups for jointly setting-up steel plants. (ET)

IOC may see revenue loss on fuel sales jump 63% in FY10. (BS)

Bank of India has cut interest rates on its bulk deposits by up to 1.25% across various tenures with immediate effect. (ET)

Tata Motors global sales grow 39% in March. (BS)

Ranbaxy has voluntarily recalled two consignments of one of its antibiotics from US market. (BL)

UBI to raise upto US$500mn through a maiden MTN programme. (BL)

Japan’s JFE is in advanced talks to buy a small stake in JSW Steel. (ET)

Jet Airways seeks more FSI for BKC plot, eyes lease income. (ET)

Triveni Engineering has formed a JV with GE to make and sale steam turbines for small power generation projects. (ET)

Aurobindo Pharma has received final approval for Ondansetron orally disintegrating tablets from US FDA. (BL)

Pipavav Shipyard is in talks to buy an oil rig and shipping company in West Europe. (ET)

Glodyne close to buying a US company for Rs5bn. (ET)

Areva T&D has won three turnkey project orders worth Rs630mn. (BL)

WPI inflation for the month of March stood at 9.9%. (BS)

Domestic air traffic climbs 23% yoy in March 2010. (ET)

CMI pegs FY10 growth at 7.1% and FY11 growth at 9.2%. (ET)