http://www.financialexpress.com/index.php Tue, 24 Nov 2009 06 : 22 : 59 +05:30 financialexpress.com http://static.expressindia.com/frontend/fe/images/financial-logo.gif http://www.financialexpress.com/index.php Feed provided by financialexpress.com http://www.financialexpress.com/news/lyondellbasell-deal-to-help-ril-consolidate-petrochem-business/545342/ Reliance Industries' bid for LyondellBasell, if successful, could mark India Inc's highest buy-out that could range between $13-$15 billion, say top industry sources. Tata Steel holds the pride of place right now, with a little over $12 billion for Corus of the UK in 2006. http://www.financialexpress.com/news/jsw-energy-to-open-bids-for-ipo-on-dec-7/545343/ The initial public offer of Sajjan Jindal-led JSW Energy will open on December 7, with an aim to raise Rs 2,700 crore. Bids will close on December 9, while the price band would be announced on December 3. http://www.financialexpress.com/news/hcl-insurance-bags-200m-contract-from-equitable-life/545344/ HCL Insurance Business Services, part of HCL Technologies Ltd, on Monday said it has bagged a contract worth $200 million from Equitable Life Assurance Society. http://www.financialexpress.com/news/dish-tv-to-raise-100-million-via-gdr-issue-to-pe-firm/545346/ Dish TV India Ltd on Monday said it will raise $100 million through an issue of global depository receipts to private equity firm Apollo Management. http://www.financialexpress.com/news/philips-eyes-xray-plant-to-merge-alpha-meditronics/545347/ Philips Electronics India Ltd plans to set up a manufacturing plant for CV and general X-ray system. The company also plans amalgamation of Alpha X-Ray Technology and Meditronics, acquired less than a year back, with itself, said Philips Electronics India CEO Murali Sivaraman. http://www.financialexpress.com/news/dailies-grow-periodicals-register-drop-in-readership-irs-round-2/545348/ The much- awaited Indian Readership Survey Round 2 data is finally out. After a long delay, research agency Media Research and Users' Council on Monday released the data that reveals that Indian dailies continue to grow, while the periodicals have registered a drop in readership. http://www.financialexpress.com/news/corporate-notes/545349/ Brokerage firm SBICAP Securities invited bids for the sale of an investor's stake in the National Stock Exchange and the Multi Commodity Exchange. The investor is selling 1% stake in the NSE and nearly 6% in MCX. http://www.financialexpress.com/news/fasttrack/544913/ Prime Minister Manmohan Singh late on Thursday indicated the government is willing to amend the controversial sugarcane ordinance that seeks to replace the statutory minimum price with a ‘fair and remunerative price. http://www.financialexpress.com/news/nano-owners-still-in-dark-about-checkups/544911/ Despite three reported incidents of plastic cladding at the head of the steering column melting in the Tata Nano, worried owners are still clueless about the cause of the technical snag or what is being done to rectify it-and no one in the company is talking. http://www.financialexpress.com/news/indices-to-maintain-momentum-on-global-cues/544910/ Global cues and fresh liquidity inflows saw the Indian indices continuing the momentum with a percent rise week on week as global investors increasingly find themselves backing the India growth story. http://www.financialexpress.com/news/tata-docomo-starts-persec-billing-for-roaming/544909/ Two days after the country’s largest telecom operator Bharti Airtel slashed its roaming charges, Tata Teleservices Ltd on Sunday joined the tariff war on roaming by introducing the 1 paisa per second tariff under its GSM brand Tata DoCoMo. http://www.financialexpress.com/news/telcos-focusing-on-fibre-optic-network-to-boost-biz/544908/ As the cloud of ambiguity over the 3G auctions starts to clear, telecom operators are focusing on their fibre optic network to generate more value out of the business. http://www.financialexpress.com/news/retail-bigwigs-see-70-drop-in-pulses-demand/544907/ Large retailers are now witnessing instances of downtrading in pulses. Customers are moving to lower grades of pulses at branded hypermarkets and retail stores instead of the more expensive ones, owing to high pulse prices. http://www.financialexpress.com/news/rolls-royce-hopes-to-drive-sales-fourfold-with-ghost/544400/ Rolls Royce Motor Cars is betting big on the Indian market on the back of its yet to be launched super-luxury sedan, the Ghost. The car, which is the least expensive vehicle from the stable of Rolls Royce in India at Rs 2.5 crore, is expected to help the company increase its sales by nearly four times in 2010 at 75 units, against 15-18 units that are expected to be sold this year. http://www.financialexpress.com/news/corporate-notes/544321/ NSE listed firm, California Software Ltd, having major operations in the US and Chennai, has divested its entire 51% stake in education-based IT solutions company Informed Decisions Corporation through the wholly-owned former's subsidiary CSWL for $36 million. http://www.financialexpress.com/news/vedanta-spv-for-development-around-niyamgiri-bauxite-mines/544319/ London-based Vedanta Resources Plc has formed a special purpose vehicle — Lanjigarh Project Area Development Foundation — to take up peripheral development works around Niyamgiri bauxite mines in Orissa's Kalahaindi and Rayagada districts. http://www.financialexpress.com/news/dell-bets-on-corporate-spend-for-recovery/544316/ Dell, the world's No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly results. http://www.financialexpress.com/news/tata-steels-546million-bond-sale-over/544315/ Tata Steel Ltd on Friday said it sold $ 546.9 million in new convertible bonds in exchange for $493 million of securities as part of a plan to reduce costs and ease repayment obligations. http://www.financialexpress.com/news/bharat-hotels-to-invest-rs-2-300-cr-in-four-yrs/544314/ Bharat Hotels Ltd, which runs the Lalit Suri Hospitality Group, will invest around Rs 2,300 crore in 42 hotels over the next four years. http://www.financialexpress.com/news/jsw-seeks-partners-for-alumina-cement-plans/544313/ Hit by the economic slowdown and a shortage of funds, the $3.7-billion JSW Group is now looking for partners for its greenfield projects in alumina and cement. The company has taken the first step in its endeavour of partnership by collaborating with Japanese steel major JFE Steel Corporation on Thursday for its Rs 35,000-crore, 10 mtpa West Bengal project. http://www.financialexpress.com/news/corporate-notes/543926/ Focusing on India as a rapidly growing market, US soft drinks giant PepsiCo would pump in an estimated Rs 700 crore to set up four new food and beverages projects by 2012. http://www.financialexpress.com/news/demand-for-realty-facilities-mgmt-surges-18-this-fiscal/543919/ Demand from top corporates and banks for sourcing facilities management solutions, which helps maintain properties as per international standards and includes taking care of maintenance, equipment and operations, has gained 15%-18% between April to October 2009. http://www.financialexpress.com/news/jsw-ties-up-with-japans-jfe/543918/ JSW Steel Ltd on Thursday announced that the company has entered into a strategic collaboration with Japan's JFE Steel Corporation to build and operate an integrated steel plant in West Bengal and in the area of automotive steel. http://www.financialexpress.com/news/indus-biotech-to-begin-hiv-drug-trials-in-us/543916/ Pune-based Indus Biotech would be starting clinical trials for its HIV botanical drug molecule in the US soon. The company claims this antiviral has also shown promising results for the pandemic H1N1 during initial clinical trials. http://www.financialexpress.com/news/jsw-steel-to-grow-over-70-in-h2/543911/ With demand expected to pick up, JSW Steel, India’s third-largest steel manufacturer, is all set to increase its market share in the domestic market.