Daily News Roundup - Aug 19 2010

Tata Motors may issue more shares under the differential voting rights (DVR) banner for raising funds. (BS)

Alcatel Lucent is in discussions with various service providers, including Reliance Industries and Tikona Digital Networks, to provide infrastructure for mobile broadband services. (BS)



GVK Power & Infrastructure is in the last lap of finalising a private equity investment of US$280mn in its power venture. (BS)

Blackstone has invested US$300mn in Moser Baer Projects Private Ltd, the unlisted energy business of Moser Baer India (BS)

Essar Oil and IOC have bid for five and ten of Shell India’s retail outlets, respectively. BPCL is negotiating a bid for nine outlets. (BS)

Dr Reddy's Laboratories said it was looking out for partnerships to expand its presence in Japan. (ET)

NDTV is in talks were for a strategic alliance in its lifestyle business. (BS)

British Airways and Kingfisher Airlines are likely to announce a codeshare agreement next month which would facilitate seamless travel for passengers. (BS)

International Coal Ventures, a consortium of top PSUs like SAIL and NTPC, has identified coal mines in US for a possible buyout and is conducting due diligence on the asset. (BS)

JK Paper has launched a Rs15bn expansion programme at Rayagada, Orissa. (BL)

Shree Cement is contemplating setting up new cement and power plants in Karnataka, Chhattisgarh and Rajasthan. (BL)

Trent plans to invest around Rs2.75bn over the next three years in its hypermarket format Star Bazaar. (ET)

Bajaj Corp Limited is planning to enter four non-haircare segments through both the organic and inorganic routes. (ET)

The government is planning to set up a committee to consider opening of the multi-brand retail trading business to foreign companies. (BS)

The government has estimated 30% deficit in infra funding in 12th five-year Plan. (BS)

FDI inflows in the services sector in 2009-10 dipped by 28.19% to US$4.39bn. (BS)

The Indian auto component sector is expecting an investment of US$3bn every year for the next decade, mainly in capacity enhancement, to meet the growing demand, according to ACMA. (ET)

Multiplex chains are expected to add over 200 screens before March 2011 as some of the mall projects that were delayed due to the downturn in the real estate sector are being completed now. (ET)