Daily News Roundup - Oct 14 2010

Coal India to invest Rs27.85bn in 20 beneficiation plants. (BL)

IOC, HPCL and BPCL may have to absorb part of the losses incurred on sale of subsidized LPG and kerosene in the first half of this fiscal. (BL)



The government is set to divest 10% of its stake in IOC, and 5% in ONGC next year. (BS)

Tata Motors eyes larger market share in utility vehicles market. (BL)

JSW Steel Ltd is considering putting its overseas coal and iron ore assets into a unit for a share sale to fund expansion. (BS)

Lanco Infra ties up funds for power expansion project. (BL)

Bajaj Holdings picks up 12.8% in National Multi Commodity Exchange of India. (BL)

Dabur has completed the Rs3.24bn acquisition of Turkey-based personal care products maker Hobi Kozmetik Group. (FE)

OBC has requested the government to provide Rs10bn as capital support to enhance its business. (BS)

Tata Teleservices has changed the roles of top four officials, weeks before rolling out 3G services. (ET)

Government has asked Cairn Energy to resolve royalty, cess issues before stake sale. (ET)

Income Tax department has raided premises of BK Goenka led Welspun Group across India to investigate alleged irregularities in tax payment. (ET)

Apollo Hospitals and British Medical Journal Group teams up for mobile health services. (BL)

Government looking at next round of capital infusion in PSB’s. (BL)

FDI in India dipped for third consecutive month by about 60% to US$1.33bn in August. (ET)

Indirect Tax collection climbed more than 44% in first half of the current fiscal yoy. (ET)