Daily News Roundup - Aug 20 2010

RIL-NTPC dispute over D6 heading for truce. (BS)

RCom ropes in four executives for wireless management board. (BL)

Fiat JV revival becomes a priority for Tata Motors. (BS)

Dr Reddy's in talks with Japanese pharma cos for tie-ups. (BL)

Lanco Infratech has partnered with Indonesian coal mining company Bukit Asam to bid for a 600 megawatt power project. (BS)

ONGC may have to pay US$13bn if it were to exercise its pre-emption or right of first refusal to buy Cairn India in the giant Rajasthan block (ET)

Huaneng Group may pay GMR Infrastructure US$1.4bn to buy 50% of InterGen (ET)

Dr Reddy's Laboratories and the Indian School of Business (ISB) on Thursday signed a memorandum of understanding to set up ‘Dr Reddy’s Cell for Employability and Skilling’ at the ISB. (BS)

Lanco Infra expects two tollways under development in Karnataka to be commissioned later this year along and adding to cash flows. (BL)

HCL Infosystems enters the gaming zone. (BS)

Patni to start entrepreneurship programme for employees. (BS)

BEML, Coal India, Damodar Valley close to finalising joint venture equity structure. (BL)

Emami is again on the prowl to acquire FMCG companies in India and abroad. (BL)

Central Bank arm to offer loan syndication, merchant banking services. (BL)

With a view to boost its commercial vehicle finance portfolio, Allahabad Bank has entered into a tie-up with Ashok Leyland. (BL)

Sadbhav Engineering's wholly-owned arm, Sadbhav Infrastructure Project (SIPL), has got Rs4bn equity funding from global investors. (BL)

Greaves Cotton plans to build an automotive engine manufacturing plant in Aurangabad for ~Rs1bn (ET)

Federal Bank has introduced real time money transfer facility from Gulf Cooperation Council (GCC) countries. (BL)

Dhanlaxmi Bank has increased the interest rates on domestic term deposits by 25-75 bps across maturities with immediate effect. (BL)

Royal Orchid Hotels will raise up to Rs1.5bn to fund its new projects (ET)

MIC Electronics has bagged orders worth ~Rs200mn, majority of them being from the Indian Railways (ET)

Food inflation stood at 10.35% on a yoy basis during the week to August 7, lower than the 11.4% annual rise reported in the previous week. (BL)

Policy bottlenecks may further delay GST rollout. (BS)

The government was looking into the proposal of allowing foreign airlines invest in domestic carriers. (BS)

Banks may have to reveal use of funds raised via CPs. (BS)

The Government may come out with more representative data on industrial production by this year-end by adding nearly 150 new items and deleting the obsolete ones from the index (ET)

The Reserve Bank of India has strongly advocated the use of public-private partnership (PPP) to fund infrastructure projects in the country. (BL)

Asian Development Bank likely to revise upwards its growth and inflation projections of India for FY11. (BS)