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IPO News
Jun 19 2008 8:30AM
PRESS DIGEST - Indian Business News - June 19

MUMBAI, June 19 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

DAILY NEWS & ANALYSIS (www.dnaindia.com)

* National carrier Air India [AI.UL] and Boeing <BA.N> are seeking a majority stake in the proposed maintenance, repair and overhaul venture in Nagpur.

* IVR Prime Urban Developers Ltd <IVR.BO> will invest up to 7.5 billion rupees to set up holiday resorts and conference centres across India to cash-in on the fast-growing meetings, incentives, conventions and events market here.

ECONOMIC TIMES (www.economictimes.com)

* Private equity fund, NYLIM Jacob Ballas India Fund, is close to picking up 21.5 percent in Devyani International, a Ravi Jaipuria-promoted company that owns Pizza Hut, KFC and Costa Coffee in India, for more than 3 billion rupees.

FINANCIAL EXPRESS (www.financialexpresss.com)

* State-run Bharat Heavy Electricals <BHEL.BO> has outbid Alstom Projects India <ABBP.BO> to become the lowest bidder for the engineering, procurement and construction contract of the 740 megawatt, gas-based power project in Tripura.

* Zee Entertainment Studios, the motion picture division of Zee Entertainment Enterprises <ZEE.BO>, may list its two divisions, Zee Motion Pictures and Zee Limelight, on the London Stock Exchange's Alternative Investment Market.

TIMES OF INDIA (www.timesofindia.com)

* State-owned refinery Hindustan Petroleum Corp <HPCL.BO> is in talks with Coal India and the West Bengal government for the takeover of ailing Dankuni Coal Complex and Greater Calcutta Gas Supply Corp.

($1= 42.89 rupees)

Looking for more information from local sources? Factiva.com has 25 sources. For details about our products, please call your local help desk. To find out more about Reuters visit www.reuters.com. (Compiled by Janaki Krishnan; Editing by Harish Nambiar) (([email protected]; +91 22 6636 9138; Reuters Messaging: [email protected])) Keywords: INDIA PRESS/

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