Daily News Roundup - May 28 2010

TCS, Wipro, TechM, IBM, NEC shortlisted for UID project. (BS)

Infosys looking at acquisition of the size US$500mn. (BL)

NTPC-BHEL venture is mulling technology tie-up with global companies. (BL)

Tata Steel to increase stake in Canada mining firm, New Millennium Capital Corp. (BS)

The Government may give preference in gas allotment to power projects of the ADAG Group if RIL picks up equity stakes in them. (ET)

GM has snapped its partnership with Reva and will roll out electric cars on its own after it was acquired by M&M. (ET)

Promoters of Tata Steel may invest Rs1.33bn, a move that would increase the promoters holding by 3% to 38%. (ET)

M&M is close to buying drip irrigation company Parixit Industries. (ET)

Bharti starts fund raising for Zain. (BS)

Private equity player Actis to buy into GVK’s power business. (BS)

Essar Group planning to set-up own port in Africa. (BS)

Renuka Sugar’s acquisition of 51% in Equipav on the verge of turning bitter. (BS)

Dish TV starts high definition service. (BS)

Bata to replace small stores with large ones. (BL)

The annual monsoon on track to hit the southern coast in the next three to four days. (BS)

Banks ask RBI to defer liquidity tightening. (BL)

LIC can’t charge fee for transfer of policy, as per the high court judgment. (ET)

RBI gives thumbs up to SLR cut, in a move to create headroom for Rs20bn liquidity. (FE)