R


* ECONOMY : Dec IIP #s -2% v/s berg consensus -0.4% & Nov 08 @ 1.7%.. inflation
 for week ended 31 Jan @ 4.39% v/s 5.07% WoW.. separately Govt official says    
 revival seen in steel, cement & auto sales.. interest rates still too high     
 & need to come down.. India to boost infra spending to 9% from 5% of GDP
* BANKING : Fin Min sources say Govt to infuse capital into Union bank & Bank   
  of Maharashtra.. BOM asks for Rs 18bn in nxt 3 yrs
* DLF : co clarifies on new item on stalling of work on 2 big projects saying   
  co is committed to projects and work is on at both the sites
* TCS : customers looking at reducing budget spend but offshoring to continue..
 FY10 budgets have been finalized, order flows to resume
* SUGAR : Fitch maintains stable outlook for sector as sugar prices to extend   
  gains despite imports on local, global deficit
* FERTILIZERS:cos to be allowed to retain Rs 2500/tonne urea as conversion costs
* AIRLINES : DGCA asks airline cos to reply on price hike issue by 14 Feb
* REL POWER : CEO says will complete Tilaiya project by 2016 @ cost of Rs 190bn
 .. Sasan, Krishnapatnam projects also on time.. to arrrange funds for by June
* SIEMENS : wins order from SAIL steel plant worth Rs 2.12bn
* HEXAWARE : After stock spikes 89% Chairman says no shares pledged or sold..   
  not in talks with any one for acquisitions or stake sale
* UNITED SPIRITS : Diageo CEO says India a very attractive mkt but referring to
 deal with UNSP says discussion statements very premature.. Chmn of UNSP says
 working on deal structure which has international ramifications
* SATYAM : Chairman says co has achieved financial stability.. restatement of   
  A/cs will take time so sale may then be expedited
* APOLLO TYRES : to layoff 1500 workers ie 15% of work force
* INFOTECH : signs pact with Mitsubishi for engineering services
Share pledging corner:
* IPCA LABS: founder pledge 16.41%
* LUPIN : founders pledge 12.6%
* TCS : Tata Sons pledge 11.14% of co



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