PRESS DIGEST - Indian Business News - April 30

MUMBAI, April 30 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

ECONOMIC TIMES (www.economictimes.com)

* UK's Dawnay Day International plans to invest $300 million by 2010 to set up a chain of four-star hotels in India, starting with a Jaipur property that is expected to be opened in November.

* Real estate firm DLF Ltd (DLF.BO: Quote, Profile, Research) plans to take up a slum development project in Delhi.

* Allahabad Bank (ALBK.BO: Quote, Profile, Research) may raise about 19 billion rupees from the bond market during the current financial year to keep pace with growth in its lending business.

* Bacardi is believed to have told former ally Radico Khaitan (RADC.BO: Quote, Profile, Research) that it objects to the new packaging and design of the latter's Magic Moments vodka, alleging its appearance is 'very close' to Bacardi's international vodka brand Grey Goose.

MINT (www.livemint.com)

* At least a dozen key executives at Jet Airways India Ltd (JET.BO: Quote, Profile, Research), including executive director Saroj Datta, are said to be quitting the carrier.

* India's top power producer NTPC Ltd (NTPC.BO: Quote, Profile, Research) will manufacture cement near six of its power plants through ventures with private firms.