Daily News Roundup - Sep 17 2010

RIL is considering investing in a Chesapeake Energy firm shale gas asset. (BS)

SBI has sort finance ministry nod for raising Rs200bn from the market. (BS)

Government cleared 11 new SEZ proposal including those of Infosys and Wipro. (BS)

Maruti may launch diesel SX4 by March 2011. (BL)



India added over 13.5mn new GSM mobile subscribers in August, with Bharti Airtel adding a little over 2mn users to achieve close to 30% market share (ET)

RIL is seeking a 25% increase in the price of natural gas it produces from the KG Basin (ET)

HPCL is setting up a 9-15 mmtpa greenfield refinery at Ratnagiri (ET)

ZTE has bagged two contracts worth nearly Rs1.2bn from Reliance Communications & BSNL seven months after a change in government regulation barring import of China-made equipment (ET)

REC plans to raise US$500mn by issuing bonds in November. (BS)

Ashok Leyland has bagged an order for 2,850 buses from the Institute for Road Transport, Tamilnadu. (BS)

IVRCL Assets and Holdings Ltd won an order worth Rs15bn for extension of the Pune-Mumbai expressway (ET)

Shriram EPC bags order worth Rs10bn. (BL)

Stemcor Holding to pick up 10% stake in Ispat Industries. (BS)

HDIL raises US$250mn through QIP (FE)

HDIL’s subsidiary is planning to start a luxury hotel-cum-commercial block in Greater Noida. (BS)

Berger Paints India will invest Rs1.5bn for setting up a manufacturing unit in Andhra Pradesh (ET)

Ispat Group will build a 1.2mn tonne pellet plant at Jagdalpur in Chhattisgarh for Rs3000bn (ET)

SKumar Nationwide has raised Rs2.35bn via QIP. (BS)

Bank of Maharashtra likely to get more capital of Rs9bn from government. (BS)

Aptech expect its JV in Brazil to break even soon. (BL)


The RBI lifted the repo rate by 25bps to 6% and raised the reverse repo rate by 50bps to 5% (ET)

India's food price index rose 15.10% while the fuel price index climbed 11.48% for the week ended September 4, under a new series with different base year, components and weightings. (ET)

The Indian economy is estimated to grow by 8.5 % this fiscal and 9 per cent in 2011-12 (ET)

Exports grew 22.5% to USD16.64bn in August, while imports increased 32.3% to $29.7 billion (ET)