Market Roundup

GENERAL

• Yangon to offer India exploration block in the north
  
• Govt. notifies guidelines for foreign investment in print media
• IMD: Rain forecast normal for July
• Chidambaram: Direct tax revenues to touch 5 per cent of GDP
  

• Rupee dips - securities recover
• RBI: Forex reserves enough to meet 14 months' imports
• RBI sets up Financial Markets Dept. under Dr. Rakesh Mohan
• RBI: 91-day T-bill bids partly accepted
• SBM mulling Rs.15 crore tier-II capital issue
• Central Bank of India centralizes banking functions
• Oriental Insurance net up at Rs.330 crore
• IBM to supply tech infrastructure to Yes Bank
• IBM bags Rs.56 crore IDBI contract
• Infosys takes risk cover for Rs.4,600 crore

MARKETS

• Dilip Shah is Chairman of International Generic Pharmaceutical Alliance
• Arvind Mathew takes over as MD at Ford India
• Syndicate Bank ED

• EU parliament rejects IT patenting proposal
  
• CI bids to be fund king of Canada