Market Roundup

GENERAL

• Singapore PM: CECA pact is a step towards India-Asean FTA
• PM asks Singapore companies to invest in infrastructure
• Monsoon covers entire country 15 days before schedule
• Money laundering Act to come into force from today
• CII study: Western India CEOs bullish on economy
• RBI: External debt up 10 per cent at $123.3bn
• FM radio policy: FDI permitted but cap remains at 20 per cent
• 69 bids made for twenty exploration blocks under NELP-V
  

• Rupee firms up - securities weaken
• IndusInd Bank net down 19.67 per cent for 2004-05
• Infosys to integrate Oracle applications with Finacle
• SBI targets doubling of overseas business
• Canara Bank to raise Rs.500 crore via bonds
  

MARKETS

• Wipro's Vivek Paul exits for Texas Pacific
• Morgan Stanley names John Mack CEO
• Pawan Goenka replaces Duarante as head of M&M's automotive unit
• Coffee Day's Naresh Malhotra joins Royal Orchid board
• Apurva Purohit joins Radio City as CEO
• Mallya appointed ED at Oriental Bank of Commerce
• Srinivasan new global sales head at SunTec

• Bank of America to buy MBNA for $35bn