Electrotherm India, Rolta India, Wipro may see action

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OPEN MARKET OPERATIONS OF RBI ARE A PART OF REGULAR LIQUIDITY MANAGEMENT
STEEL MINISTRY FORMS COMMITTEE TO RESTRUCTURE PSU'S LIKE MSTC, KIOCL
STEEL MINISTRY FORMS COMMITTEE TO RESTRUCTURE PSU'S
TO TALK TO PM ON IRON ORE EXPORTS
CRUDE FALLS BELOW $60/BBL FOR THE 1ST TIME SINCE MAY ON ECONOMIC JITTERS
CIC ISSUED AN ORDER AGAINST SEBI IN THE MATTER ON JUN 26, 2009
BHOJ RAJ SAHU ASKED FOR LIST OF SHAREHOLDERS OF ALL DELISTED COS
CIC ORDER FAVOURING BHOJ RAJ SAHU ASKED FOR DATA ON DELISTED COS
CHALLENGES CENTRAL INFORMATION COMMISSION'S ORDER ON RTI
CRUDE FALLS BELOW $60/BBL ON THURSDAY ON ECONOMIC JITTERS
SEEKS RS.9000/TN CUT IN STEEL PRICES IN FY'10: NW
SENIOR MGMT CHANGES TO HELP IN POSITIONING THE COMPANY IN FUTURE
TO LAUNCH 100CC DISCOVER, POSITIONING AS A 'LONG DISTANCE BIKE'
TO LAUNCH 100CC DISCOVER, POSITIONING AS A 'LONG DISTANCE BIKE'
DISCOVER 100CC NOT TO REPLACE PLATINA 100, NOT AN ENTRY LEVEL BIKE
TO LAUNCH 100CC DISCOVER, POSITIONING 100 CC BIKE AS A 'LONG DISTANCE BIKE'
SEBI WANTS MIN 26% FREE FLOAT, FM TO GIVE TIME FOR IMPLEMENTATION: SRCS
APPOINTS INVST BANKS FOR FUND RAISING EXERCISE, PLANS TO RAISE $400MN: SRCS
FUND RAISING LARGELY TO REDUCE DEBT TO RS.7000 - 8000 CR
SUZLON PLANS TO RAISE $400MN: SOURCES
SUZLON APPOINTS INVESTMENT BANKS FOR FUND RAISING EXERCISE: SOURCES
LEAD BANKERS INCLUDE CREDIT SUISSE, CITI & DEUTSCHE BANK: SOURCES
SUZLON TO RAISE FUNDS VIA GDR OR QIP ROUTE: SOURCES
NEED TO REVAMP SAT WILL BE REVIEWED IN THE MEETING: SOURCES

Updated: 30/12/2008 | 12:00 AM IST

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Tuesday, December 30, 2008 (New Delhi)

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The board of Electrotherm India has approved spinning off its engineering business into a new entity - Electrotherm Engineering & Projects.

Reliance Communications has reportedly raised $1.5 billion from international export development banks at less than prevailing commercial interest rates to fund the rollout of its national GSM services.

Wipro is reportedly scouting for IT firms servicing oil, telecom and healthcare industries.

Rolta India has acquired US-based Piocon Technologies, which provides solutions to oil and gas refineries.

IDBI Bank has reportedly put its home finance unit for sale to raise Rs 200 crore and is reported to be in talks with Tata Capital, Edelweiss, Religare Enterprises and two private equity investors.

Shriram EPC reportedly expects the number of steel-related projects coming its way to slow down in the coming months due to production cuts in the sector and deferment of expansion plans.

Jai Balaji Industries has reportedly cut investment target for its proposed steel plant in West Bengal by 30% to Rs 16000 crore due to a drop in commodity prices.

Idea Cellular reportedly plans to invest Rs 300 - Rs 400 crore over the next 15 months to enhance network coverage in Karnataka.

Reliance Money, controlled by the Anil Dhirubhai Ambani Group, and Financial Technologies are reportedly exploring the option of setting up their own equity exchanges.

Four companies including Tata Power and Larsen & Toubro reportedly chose not to bid for the Rs 16000 crore ultra mega power project in Tilaiya, Jharkhand even as Reliance Power, Lanco Infratech and NTPC submitted their technical bids.

The combined operating loss for direct-to-home players such as Dish TV, Tata Sky, Big TV and Sun Direct for 2008/09 may double, crossing Rs 2000 crore.

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