Daily News Roundup - May 13 2010

Ranbaxy plans to divest its investments made by the previous promoter in the group companies. (ET)

Reliance Power may build gas-fired plant in Andhra Pradesh instead of Dadri after the Supreme Court verdict. (ET)

M&M to consolidate presence in utility vehicles segment. (BL)

Tata Steel wants prices for automobiles sector to be negotiated every quarter. (BL)

Godrej Consumer to buy out Sara Lee stake in their JV for a consideration of US$234mn. (ET)

Glodyne Technoserve has acquired DecisionOne, a US based IT firm for US$104mn. (ET)

HCC spins off IT unit into a fully-owned subsidiary. (ET)

Radico Khaitan is all set to launch "After dark" a 100% grain-based whisky manufactured at its Rampur distillery. (ET)

Strides Arcolab gets US FDA approval for its anti-infective injection Bacitracin used to treat pneumonia and empyema. (BL)

GVK Power is mulling the possibility of separate holding companies for its assets in various divisions. (BS)

Reliance Infrastructure slams Tata Power for continuing to sell 100MW outside Mumbai, defying the recent Maharashtra government decision, to make a profit of Rs3bn annually. (BS)

Zydus Cadila receives an approval from the Drug Controller General of India to market H1N1 vaccines in the country. (BS)

Shriram Transport Finance plans to tap the debt market to raise up to Rs5bn through a public issue of non-convertible debentures. (BS)

MSCI has included Rural Electrification, Piramal Healthcare and Adani Enterprises in the MSCI India Index. (BS)

Elecon Engineering bags orders worth Rs2.08bn from various vendors, including GMR Infrastructure and SAIL for construction-related works. (BS)

Titan Industries plans to expand its reach by adding 300 outlets in big and small cities shortly. (BS)

The revenue from 3G spectrum sale has touched Rs584bn on the 28th day of the auction. (ET)

India's factory output grew by 13.5%, registering sixth straight month of double-digit expansion. (BS)