Daily News Roundup - Dec 23 2010

Reliance Industries mulls hiking gas output from KG basin. (BL)

ONGC gets Brazil’s approval to farm out block in Santos basin. (BS)

Gas leak kills 2 people in Dr Reddy’s Lab unit near Hyderabad, (ET)



TCS has bagged a multi year outsourcing engagement from Hilton Worldwide for spearheading and transformation and management of core group of application platforms. (BL)

BHEL bags three orders for setting up solar plant. (ET)

Fortis Global Healthcare to acquire 30% stake in Australia’s Dental Corporation for about Rs4.5bn. (ET)

Oil Ministry says the delay in deciding on Vedanta’s acquisition of Cairn India will not have any impact on the 9th round of NELP. (BS)

NTPC keen to get LNG from Qatar by FY12. (BS)

Tata Power signs deal for solar project in Gujarat. (BL)

Spanco gets Rs850mn project from Goa power utility. (BL)

Koutons is considering selling up to 15% stake to raise cash to pay down excessive debt and revive its fortune. (ET)

Radico Khaitan is in advance talks for marketing tie-ups with three overseas companies. (BS)

BS TransComm wins Rs3bn order from REC. (BL)

Government not in favour to include a provision in the Companies Bills that would have mandated firms to spend 2% of their profits on social causes.(ET)

An EGoM is likely to meet on December 30 to consider hike in diesel and domestic LPG prices. (ET)

Finance Ministry to bear one-third subsidy burden of oil marketing PSUs. (ET)

Central Bank may allow recast of loans to Microfinance institutions. (BS)