Daily News Roundup - Apr 30 2010

RIL plans to sell gas to retail consumers in the US, using Atlas Energy’s infrastructure

UltraTech Cement has acquired Dubai-based ETA Star Cement for an enterprise value of Rs17bn. (ET)

Jindal Steel and Power is close to acquiring Oman based Shabed Iron and Steel for US$500mn. (ET)

Supreme Court verdict on RIL-RNRL gas issue is likely next week. (ET)

Air India has opposed the marketing alliance between Kingfisher Airlines and British Airways on domestic network. (ET)

NTPC-BHEL Power Projects, 50:50 JV between the two PSU’s, is expecting orders worth Rs70bn by the end of current fiscal (ET)

Infinite Computer Solutions has bagged an order worth Rs1.25bn. (BL)

Madhucon Projects has secured an EPC contract worth Rs12bn for setting up thermal power plant in Nellore district of Andhra Pradesh. (BL)

CESC has decided to revive West Bengal’s Balagarh thermal power project abandoned several years ago. (BL)

Pantaloon Retail and Future Value Retail plan to issue Rs7.5bn worth of NCD’s. (BS)

Mindtree has bagged the application development services segment of the UID Project. (BS)

Tata Power has been asked not to apply differential pricing for Reliance Infrastructure. (BS)

Nuclear Power Corporation of India is likely to sign JV Agreements with IOC and NALCO. (FE)

Finance Bill proposes to prohibit token concessions to housing, air travel, planters and healthcare. (ET)

Food inflation eases to 16.6% during the weekend April 17. (BL)

Government has directed mobile operators to stick to June 30 dead line for launch of mobile number portability. (ET)

According to the Telecom minister, 3G auction to end in a day or two. (BL)

The Government has hiked export duty on iron ore lumps to 15%. (BS)