Daily News Roundup - Mar 31 2011

Sebi clears Sesa Goa open offer for Cairn India. (ET)

Central Bureau of Investigation is likely to chargesheet three officials of ADAG and Unitech senior executives. (ET)

Hindalco signs an agreement to borrow Rs78.75bn in loan. (ET)




Andhra Pradesh HC tells Mahindra Satyam to pay CBDT of Rs3.5bn. (ET)

Lower gas production from RIL’s D6 field may choke supply to steel firms, petrochemicals and refineries. (BS)

Nalco may raise aluminium prices by Rs2,000-3,000 a ton with effect from April. (BS)

BHEL has bagged Rs54.50bn order from Bajaj Hindusthan unit for setting up a thermal plant in Uttar Pradesh. (BL)

Minister of Environment and Forest granted ‘conditional’ approval to HCC’s Lavassa corporation to complete the building under construction. (BS)

Dr Reddy’s Labs completes acquisition of GSK’s penicillin facility in US. (BL)

MOIL is scouting for technology partners to secure superior underground mining techniques to achieve its long-term production. (DNA)

PTC India Financial services to disburse Rs12bn loan in 2011-12 FY. (BS)

Aurobindo Pharma gets US FDA nod for dementia drug. (BL)

Deepak Fertilizers to set up manufacturing plant in Australia with an investment of Rs15bn. (BS)

Financial Tech has repaid excess amount of ~Rs1.8bn to IFCI in relation to MCX-SX share-sale deal. (BS)

Apollo Hospitals to launch private label generics. (DNA)
Economy Snippets

Agriculture minister demand cut in onion export price to US$175/t. (ET)

Engineering exports cross US$50bn in April-February. (ET)

Iron ore export down by 18% to 10.13mn tons in February. (BL)

Government may roll back 10% excise duty on branded garments. (BS)

RBI bars NBFCs from investing in partnership firm. (BS)