Market Roundup

GENERAL

• Chinese currency revaluation: Rupee may strengthen
• West Bengal and Jharkhand propose council of four eastern states
• Patel calls for GoM to look into IA-Airbus deal
• NDA to oppose FDI in retail sector

• Rupee spurts on renminmbi revaluation
• Corporation Bank Q1 net up 17 per cent
• Yes Bank and Bajaj Allianz in bancassurance tie up
• HSBC launches credit facility for SMEs
  

MARKETS

• Premji to stay Wipro chairman till 2007
• Radhakrishnan Nair is new Exec. Dir. at SEBI
• Essar appoints two directors on BPL Comm. board

• China succumbs to pressure and revalues currency
• Oil prices rise: China's currency revaluation may boost demand