Daily News Roundup - Jan 28 2010

The Ministry of Environment and Forests has denied permission to Adani Group for coal mining at Lohara near Tadoba Andhari Tiger Reserve. (ET)
Board of Directors of HUL has approved a proposal to merge its wholly-owned subsidiary Bon with itself with effect from April 1, 2010. (ET)
NTPC plans to sell at least 15% of its additional capacity through power exchanges to third party buyers. (ET)
NTPC is inviting tenders for 11 super-critical units of 660MW from February 3, 2010. (BS)
Bharati Airtel to outsource US$1bn cable business over a period of five years. (ET)
Government may sell stakes in L&T and ITC to financial institutions. (ET)
Wipro has signed a mulit-year outsourcing deal with British American Tobacco Company. (BS)
Power Grid Corp Board has given in-principle approval for a FPO. (BS)
Axis Bank to borrow US$140mn in two years.(BS)
Jaiprakash Power to raise US$300mn by issue of bonds for meeting capital expenditure needs. (BS)
ONGC has signed an agreement with Sonangol to bid for oil acreage in Angola. (BS)
KEI Industries plans to set up manufacturing plants in Africa and West Asia. (BS)
Tata Steel awaits Jharkhand resettlement and rehabilitation policies to start a 12mtpa Greenfield project near Tontaposhi. (FE)
With cement demand in Dubai dropping sharply, Binani Cement plans to enter markets in Oman, Kuwait, Sudan, Iraq and South Africa. (BL)
Easun Reyrolle is setting up a switchgear plant in Bangalore as well as in Germany. (FE)
Mega Mart, a retail chain division of Arvind Ltd, is eyeing revenue of Rs10bn in next 3-4 years. (FE)
CESC Ltd is now leading the race to secure power distribution licence for Patna. (BL)
Tata Communications plans to invest about US$50mn over the next two years into its newly-formed Global Media & Entertainment Solutions group. (BL)
Kuwait's PIC is keen to invest in ONGC's two petrochem projects. (BL)
Container Corporation of India hopes to post an impressive growth in throughput in the fourth quarter and thus achieve overall 4-5% growth in FY10. (BL)
Dolphin Offshore is planning to broaden its business canvas by entering into deep-water operations. (BL)
Aegis Ltd IPO may hit markets by May 2010. (BS)
The government has allowed UMPP to use surplus coal for other power projects. (ET)
Government approves four shipping projects under PPP route involving a total investment of Rs41bn. (ET)
GST faces further delay as many states pitch for higher rates. (ET)
The centeral board of excise and customs has recommended an overhaul on SEZ Act, 2005. (BS)
Andhra Pradesh raises tax on aviation fuel from 4% to 16%. (BS)
The total number of telephone subscribers in the country reached 562.1mn in December 2009, registering a growth of 3.5% mom. (FE)
The Steel Minister is set to take up the issue of making operational the joint venture International Coal Ventures Ltd (ICVL) with his coal counterpart. (BL)
From December 4, 2009 to January 1, 2010, bank investments in mutual funds have fallen by 75%. (FE)
Government may allow UP mills to sell sugar lying at local ports. (BS)
Bank credit fell by Rs119bn to Rs30,089bn for the fortnight ended January 15. (BL)
Imports of sensitive items rose 34.5% in April-October 2009 at Rs355bn from Rs264bn during the corresponding previous period. (BL)
Banks are seeking 80C relief for 3-year term deposits. (BL)