PRESS DIGEST-Indian Business News - Sept 6

MUMBAI, Sept 6 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

ECONOMIC TIMES (www.economictimes.com)

* Indian software companies such as Infosys Technologies (INFY.BO) and Wipro (WIPR.BO) are venturing into vendor financing by using reserves accumulated over years to invest in software platforms that run activities like payroll processing. * Bombay Stock Exchange (BSE), Asia's oldest bourse, plans to acquire a controlling stake in investor services company Computer Age Management Services for 6.50 billion rupees. BSE, in which Singapore Exchange (SGXL.SI) and Deutsche Boerse AG (DB1Gn.DE) hold stakes, may buy 51 percent from Housing Development Finance Corp (HDFC.BO), Advent International and Acsys Software.

* Britannia Industries (BRIT.BO) will invest around 1 billion rupees to set up a plant each in Bihar and Orissa to scale up production to cater to the growing market.

* Hindustan Copper (HCPR.BO) and state-run National Aluminium Co Ltd's (NALU.BO) joint bid to acquire a copper mine in Namibia has fallen flat, after the mine owner decided to withdraw the offer halfway through the due diligence process.

DNA MONEY (www.dnaindia.com)

* Hyderabad-based infrastructure firm Madhucon Projects (MAPR.BO) will put its mining contract at east-Kalimantan, Indonesia, on the backburner for two years and instead focus on developing bigger mines in south Sumatra.

MINT (www.livemint.com)

* Indian government will review state-run carrier Air India's [AI.UL] past one-and-a-half year's performance before signing the next instalment of a rescue package that involves pumping a total of 20 billion rupees.

BUSINESS LINE (www.thehindubusinessline.com)

* Asian Development Bank has written to the promoter shareholders of Petronet LNG (PLNG.BO) expressing its intent to exit the company. It may not be easy for ADB to exit, as the four public sector promoters - ONGC, Indian Oil Corp (IOC.BO), Bharat Petroleum Corp (BPCL.BO) and GAIL (India) (GAIL.BO) at any given point - cannot cumulatively hold more than 50 per cent in PLL.

($1= 46.63 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 Rajesh Kurup; Editing by Harish Nambiar) ((rajesh.kurup@thomsonreuters.com, +91-22-6636 9054; Reuters Messaging: rajesh.kurup.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))