Daily News Roundup - Apr 8 2010

Reliance Industries has implemented and commissioned 1MW solar Photo Voltaic power plant at Thyagaraj Stadium in Delhi. (BL)

NTPC is planning to enter into large volume contracts for coal supply. (BL)

Cabinet to take SAIL disinvestment proposal today. (BS)

NTPC to build power plant in Bangladesh. (BS)

Indian Hotel Company may scout for acquisitions for expanding operations overseas in the near future. (BL)

M&M raises utility vehicle prices by up to Rs26,100. (ET)

JSW Steel has earmarked a capex of Rs70bn for CY11. (ET)

National Pharmaceutical Pricing Authority has slapped a notice on Piramal Healthcare for selling its 10-ml pack of Pred Acetate without getting regulator’s prior approval. (BS)

Canara Bank may consider raising funds through QIP this year. (BL)

Andhra Bank total business grows 29% yoy in FY10. (BL)

Emami to set up power plant in Ethiopia. (ET)

NHPC would commission a 700MW project during FY11. (BL)

Kingfisher Airlines set to float US$100mn GDR issue. (BL)

Natco Pharma launches Bendit, drug for the treatment of Chronic Lymphyocyctic Leukemia. (BL)

BGR Energy bags an order worth Rs990mn from PowerGrid. (BL)

Moser Bear commission solar farm in Maharashtra. (BL)

JK Paper to expand capacity, invest Rs15bn. (BL)

Nestle to offer more ‘Indianised’ products. (ET)

Essar Energy may launch the biggest ever IPO by an Indian company as early as next week to raise US$2.5bn. (ET)

Blackstone group invest Rs2.25bn in Jagran Media. (BL)

Ackruti City plans to raise Rs2.5bn for its proposed real estate venture capital fund. (BS)

The government is expected to take a decision on the proposal to ban FDI in tobacco products. (ET)

Government is likely to set up a committee of Group of Minister to take a final decision on divesting stake in BSNL. (BS)

India has set up a panel to specify audit norms for all communication networks. (ET)

Tea output rises 23%, exports up 11% in Jan-Feb 2010. (BL)