Newes for 15 feb

Newes falshes for today-
Nifty 5202 Supp 4980 Ress 5275

News Snippets:
LN Mittal and Farallon Capital invest Rs15.8bn for 28.6% stake in Indiabulls Power Services. (ET)
NTPC to invest US$40bn over the next five year, to transform itself into an integrated regional energy player. (BL)
NYSE to pick up 5% stake in MCX. (ET)
Mastek likely to buy a US-based IT firm System Task Group International for US$30mn. (ET)
Satyam Computer to add 3,000 employee’s by March end. (BS)L&T Infotech has put its IPO plans on hold. (ET)
L&T wins an order from Qatar worth Rs3.11bn. (ET)
Haldia Petrochemicals is set to buy L&T 51% stake in HPL Cogeneration. (ET)
TCS plans to reach revenue of US$800mn-US$1bn from domestic market. (BS)
IOC to launch its marine fuel business globally. (FE)
Nirma set to mop up Rs15bn via QIP. (BS)
BHEL gets Rs2bn order from ONGC. (BS)
Wipro Infotech bags US$50mn 5 year outsourcing contract from Pantaloon retail. (BS)
Spanco Telesystems acquires Great IT for an undisclosed amount. (BS)
Orchid Chemical gets US FDA nod for Granisetron Hydrochloride tablets. (FE)
Sun Pharma receives tentative approval from US FDA for generic Depakote. (FE)
DE Shaw Valence picks up 5.7% stake in Orient Express Hotels. (FE)
Wipro may buy a German based company in next 6 months. (DNA)
Tata’s and Boeing enter into a JV, to outsource and manufacture defence-related aero space component work in India. (ET)
HPCL to shut gas oil unit at its Vizag refinery for 10 days. (DNA)
Kirloskar Brothers is looking to buy a European based pump manufacturing and marketing companies. (DNA)
Shree Cement plans to set up a cement plant of 2MT per annum at a cost of Rs20bn. (BL)
EID Parry buys 51% stake in Phytoremedies. (BL)
Jubilant Energy discovers Oil and Gas in Cauvery basin. (BL)
Maruti Alto has crossed 1mn production mark. (FE)
PFC to enter financial advisory services. (BL)
Economy Front PageThe Government hikes petrol and diesel prices by Rs2 per litre and Re1 per litre respectively. (ET)
Steel companies agree to roll back price hike with immediate effect. (ET)
The DoT plans to change spectrum usage charges levied on telecom companies, to a fix percentage of revenue for each category circles. (ET)
PM panel suggest reduction in import duty from 10% to 5% in machinery and introduction of mechanism for textile sector. (FE)
PM says Indian can sustain 9% GDP growth. (BS)
RBI denies a rate cut in short-term citing high inflation. (ET)
Agriculture ministry has proposed 1%cess on direct taxes and 2% on indirect taxes. (ET)
Export from IT and ITES based SEZ to double in FY09. (BL)