Daily News Roundup - June 25 2010

RIL to make a US$1.3bn acquisition of 45% interest in the Eagle Ford shale acreage of Pioneer Natural Resources. (BS)

L&T plans to restructure JV with Mitsubishi. (BS)

HCL Corp sells 2.5% stake in HCL Tech for Rs5.8bn. (BS)



Alstom enters into JV with BHEL and NPCIL to tap Indian nuclear power market. (BS)

ING sells 3.1% stake in Kotak Bank for Rs8bn. (BS)

Jet and Godrej to ink Mumbai land deal soon. (BS)

Tata Tele plans Rs10bn capex this year. (BS)

Powergrid’s new bidding norms to hit Chinese vendors. (BS)

The GMR-Malaysia Airports combine has won the contract for airport at Male in Maldives worth US$360mn. (BS)

Mahindra Satyam BPO eyes acquisition. (BL)

Patni Computers is shifting focus to tap the nascent outsourcing market in Japan. (BL)

Hindustan Zinc has raised prices of lead by Rs3,000/ton while has kept zinc prices unchanged. (BL)

Petronet mulls rights issue to fund the proposed power project. (BL)

Vodafone Essar to enter enterprise services market as voice business takes a hit. (ET)

BEML-led consortium set to bid for Hyderabad metro. (FE)

MTNL invites bids from telcos for 3G roaming in its network. (ET)

Future Capital Holdings to focus on retail and wholesale credit business. (ET)

Essar Oil bags 4 CBM blocks under the fourth round of CBM. (BL)

Food inflation rises 16.9% in the week ended June 12. (BS)

Domestic and international air fares would rise by Rs100 and Rs500 respectively from July 1 with the government issuing a notification to bring air travel in