Daily News Roundup - Aug 6 2010

RIL to buy 60% stake in US shale-gas venture for US$392mn. (ET)

NTPC to get Rs250bn long-term loans from banks to fund its expansion plans to generate 128,000MW by 2032. (BS)

L&T bags orders worth Rs17.5bn from state-run firms. (ET)



Maruti to increase sales outlets to 1,500 in 5 years from 828 currently (ET)

M&M to set up Rs 1,800-cr plant near Chennai. (BS)

Competition Commission of India (CCI) has initiated proceedings on a complaint against DLF. (BS)

Power Ministry has opposed to NTPC selling power at market price. (ET)

Adani Power to commission 16,500 MW by 2013. (ET)

ONGC proves viability of Mahanadi block to start production ~2.7tn cubic feet natural gas reserves. (ET)

Fortis is planning to become a full-service clinical research organisation (CRO) to tap the US$64bn global clinical research market. (BS)

Indian Hotels is planning to list its two-star economy budget hotel chain Ginger Hotels. (BS)

Parsvnath to raise Rs2bn via PE funds. (BS)

Tulip Telecom bags Rs1.58bn projects from UP, Gujarat. (ET)

Zain receives US$295.4 mn from Bharti for Africa sale. (ET)

JK tyre to set up Rs1.5bn plant to produce 5.6mn tyres a year. (FE)

Food inflation at 9.53 % yoy as on July 24 (ET)

April-July direct tax mop-up rises 15.75%. (BS)

Monsoon 16 % above normal in past week (ET)

Ministry okays Rs1,545bn investment proposal in 3 PCPIRs. (BS)

RBI will act to counter inflation says FM. (BS)