Equity Market News -1st September 2008

• RIL scraps KG basin stake transfer, sends letter to petro min to withdraw proposal to transfer 80% participatory interest - ET
• Ministry of Steel has summoned steel players to review steel prices today, new moratorium or price cut likely - DNA
• Private Oil cos suggest formula to revive retail biz, plans to source for PSUs petrol, diesel at Re 1 more and sell at Re 1 more - BL
• Satyam pursuing 4 acquisitions - BL
• PSL gets approval for energy SEZ - BL
• Balaji Shows Kyuki or Kahanii likely to go off air soon - BS
• Govt plans to conclude 3G auctions by Oct 3 may bar global players as FIPB approval will take time - ToI
• SBI to underwrite $1bn for Tata’s Senoko bid - ET
• Credit Suisse realty fund to invest in Purvankara arm - ET
• ICICI Bk says home sales down 35% in last 18 months - ET
• Shriram EPC acquires 55% in Banglore based engineering consulting firm - ET
• Tatas eyes iron mines in Laos - BS
• Alok Ind in talks with PE firms to raise Rs 300 cr - Mint