Business Standard
Coal India would have to spend Rs18bn for import of 200mn tons of coal in the 11th plan.
Jindal Power, a subsidiary of the BC Jindal group, plans 4,500MW generation capacity in four years.
Canada has asked a Ranbaxy subsidiary to withdraw its generic painkiller from the market due to safety concerns.
GAIL India studying the possibility of floating a subsidiary to set up CNG outlets along the highways where it has its pipelines.
Mint -
Gammon India sets up a logistics company and plans to invest Rs3bn in the first year.
The Times of India
Ambuja Cements to invest Rs35bn on capacity expansions; total production capacity seen at 25mn tons pa in two years.
Tata group has tied-up with US helicopter firm Sikorsky to manufacture chopper cabins in India.
Hindustan Construction Company and Dabur plan to foray into wine business.
The Economic Times
Reliance Industries has completed 94% of drilling for production of natural gas from its KG-D6 block.
Rural Electrification Corp seeks a partner an infrastructure firm to enter electricity distribution.
Canara Bank plans to foray into broking business.
DNA [Daily News & Analysis]
Tech Reliance, the IT arm of Reliance Communications is likely to have an alliance with Accenture.
Jindal Saw would invest Rs3.5bn to expand its seamless tube business.
Emami may acquire an overseas firm in the hair care segment for Rs6bn.
Maharashtra Seamless will set up billet plant.
The Hindu Business Line
NTPC to expand generation capacity to 55,000MW by end of 11th plan; aims to produce 75,000MW by 2017.
L&T Infotech, the IT arm of L&T, says would acquire a US firm in the manufacturing vertical for US$300mn within a year.
Binani Cement acquires a plant in Dubai.
Financial Express
The Government withdraws the facility to SBI to use its rights issue bonds for meeting the mandatory SLR requirements.
Tata Advance Systems forms an alliance with EADS to bid for Indian Army’s US$1bn advanced tactical communications systems.
Shell to expand capacity of its LNG import terminal at Hazira to 3.5mn tons over the next few months.
Front Page
Financial Express
Government says the issue of granting of SLR status to oil bonds under consideration.
The Government will allow companies to raise funds abroad against the value of their investments in shares of listed group companies.
The Hindu Business Line
CMIE revises down GDP growth estimate to 8.9% for FY08 from 9.1%.
Auction of telecom spectrum legally possible, says Finance Ministry.
Iron ore exports drop by 2.6% in the eight months to November to 53mn tons.
Business Standard
Drug price regulator to focus on pricing trends of 74 bulk drugs that come under government notified price controlled list.
Income Tax department suggests differential dividend distribution tax on companies in its pre budget suggestions to CBDT.
Textiles and apparel exports grew marginally by 1.5% in CY07 as against 9% last year.
Commerce Ministry is not in favour of an across-the-board cut in the basic customs duty and has called for selective cuts on certain imported products.
The Economic Times
Finance Ministry is planning to withdraw the Rs300 per ton export duty on iron pellets.
The Government is considering a sovereign investment fund with an initial corpus of US$5bn to acquire companies abroad.
The Government is likely to review the banking cash transaction tax.
Sugar production is estimated to have decline by 0.9mn tons in the first quarter of 2007-08.
Mint -
The Government is preparing the largest agricultural debt relief package, worth Rs320bn; proposals may be unveiled in forthcoming budget.
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