Daily News Roundup - Oct 8 2010

Nine companies including TCS and Wipro have made it for the first round for the mega tender floated by UIDAI. (BL)

BHEL gets Rs37bn order from KPCL (BS)

Jindal Steel & Power bids for majority stake in Zimbabwe steelworks (BS)



Cairn Energy shareholders approve Vedanta deal. (ET)

Jet Airways plans to raise US$400mn through a share sale to foreign institutions may get delayed as the government deferred a decision on the proposal. (ET)

Coal India subsidiary and three firms of OP Jindal-group were served show cause notices by the government for 'inordinate delays' in developing a coal block jointly allocated to them. (ET)

ING Vysya Bank suspends 2 officials over disguised forex positions. (ET)

Cadila Healthcare on gets nod from USFDA to market high blood pressure treatment tablets, Losartan Potassium and HCTZ. (ET)

Sun TV network chief Kalanithi Maran has acquired another ~5% stake in SpiceJet for Rs915mn. (FE)

Elecon Engineering bags order worth Rs5.6bn. (BL)

Areva T&D appears to have almost completed the technical discussions with Nuclear Power Corporation of India. (BL)

Gitanjali Gems has made a bid to acquire Four luxury brands of Italy’s DIT Group. (BL)

Barclays Bank has acquired a 12.75% equity stake in back office services provider Intelenet Global Services. (ET)

Food inflation for the week ending September 25 eased to 16.24%, compared with 16.44% the previous week (FE)

The government will make it mandatory for mining companies to pay annual compensation to land losers. (ET)

GSM companies agree to cut call-moving charges. (ET)

Steel consumption in first half of the current fiscal up 9.8% to 29.8mt. (ET)

Issue of seizure of Indian generic drugs by EU countries has been resolved, with EU agreeing to amend the rules to plug the loopholes that led to the seizure of shipments (BS)