Daily News Roundup - Sep 30 2010

Mahindra Satyam FY10 loss at Rs1.24bn and revenues at Rs54.81bn. (BS)

TCS bags Rs2.18bn deal from Australian company, AGL and signs pact with BA. (ET)

RIL offers to buy land of fuel retailers who wish to exit. (BS)



Tata Steel to raise Pound 3.5bn to refinance loans taken for buying Corus. (ET)

Punj Lloyd ties up with Nuvia to offer nuclear energy related services. (ET)

Swiss compnay, Nycomed to seek damages from Sun Pharma for patent infringement of Pantoprazole. (ET)

JSW Steel scraps plan to buy Brahmani Steel due to mining issues. (ET)

SBI to shortly review deposit rates; to extend teaser home loan schemes till end of December. (ET)

Sterlite Industries plans to appeal Madras HC on the order to shut its Tuticorin copper smelters. (BS)

ITC to subscribe to EIH rights issue. (BS)

EIH to use rights issue proceeds to cut debt and for capex. (BL)

Adani Enterprise to spend US$4bn on Australian coal mine bought from Linc Energy. (BS)

Financial Tech to raise Rs15bn through global markets and private placements. (BS)

United Spirits expects 10% volume growth in FY11. (BS)

Lupin acquires majority stake in Australia’s Generic Health

SCI APPOINTS SBI CAPS, I-Sec and IDFC for its proposed FPO. (ET)

IDFC plans to triple loan book in 3-4 years. (ET)

PowerGrid to launch FPO in second week of November. (ET)

Shoppers Stop to raise Rs1.3bn via QIP. (ET)

The FPO of Hindustan Copper will hit the market in November-December. (ET)

Mindtree to launch 3G smart phones based on Android platform in the US in the second half of FY10. (BS)

Provogue to foray into fashion watch segment next month. (ET)

L&T Finance holdings files DRHP for Rs15bn IPO. (ET)

Finance Ministry to reject a proposal to allow FDI in multi-brand retail. (BS)

Government to set up independent debt management office in 2 years. (ET)

Infrastructure growth in August slips to 3.7% from 4% in July. (ET)

Centre rejects alternative model of GST proposed by state government. (ET)

Mining firms will have to pay 25% more for land and rehabilitation of local tribals, says Kantilal Bhuria, Tribals Affairs Minister. (ET)

Government to consider sugar exports after Diwali. (ET)

Government eases restrictions on wholesale cash and carry trading. (BS)

Government to cut levy obligation on sugar mills from 20% to 10%. (BS)