• L&T acquires fifty percent stake in Valdel Engg
• IOC-IBP merger swap ratio fixed at 125:100
• Appollo Alchobev to invest Rs100 crore towards expansion
• Caparo group to set up auto ancillary plant in Rajasthan
• Avesthagen and Cipla to develop cancer drugs
• Reliance Info launches fixed wireless telephony in Tamil Nadu
• Satyam sets up grid computing facility in Chennai
• Bell Labs opens R&D unit at Bangalore
• Four Soft enters China through JV
  

BANKING AND FINANCE

• Rupee closes weaker - G-Secs up
• Card-to-card fund transfer facility from IDBI Bank
  

MARKETS

• Rosneft buys out mysterious buyer of Yukos unit
• EU court bounces Microsoft

• P.J. Nayak back as CMD of UTI Bank
• M.L. Bhakta withdraws resignation as Director, RIL