COMPANIES

• Tata Motors acquires Daewoo Commercial
• Grasim units in Karnataka stop production
• Orchid gets European clearance
• IVRCL bags order for Rajkot water project
• Owens Corning to set up new facility
• Kribhco wins 3 productivity awards
• CESC to pledge equity to lenders
• The Park plans two more hotels
• Macmillan India plans IPES business
• Digital Think to expand in India
• Protechsoft gets CMM Level 4
• Aviva in pact with Wipro
  

GENERAL

• IT contributes 3 per cent of GDP
• EoIs invited for airports revamp
• Kerala B2B meet begins
• No immediate impact of H1-B visas: Nasscom
• Encyclopaedia Britannica bags awards
• Software exports grew by 30 per cent

BANKING AND FINANCE

• BoB raises rates for senior citizens
• Nabard launches Rs 50, 000 crore fund
• Allahabad Bank to distribute ECGC products
  

MARKETS

• IPCL floor price set at Rs 170 per share
• Aurobindo allots shares to Merlion
• HSBC Financial increases stake in SSI
• Actis to invest in emerging markets
• Balrampur Chini to raise Rs 59 crore
• Parry Agro to raise equity

INTERNATIONAL BUSINESS

• Japan, Iran sign oil deal
• New outsourcing law in US