Market Roundup

• Ratnagiri Gas to buy out Dabhol assets for Rs.8,500 crore
• GAIL board clears equity participation in Ratnagiri Gas
• ONGC and OVL to sign JV agreement with LN Mittal
• Tata International ties up with German firm ARA Shoes
• Assocham: F&B sector up on rising urban demand
• Merck returns after a gap of two decades
• Reliance calls off buyback offer
• Leela Group chalks out Rs900 crore expansion plan
• GM rolls out new Tavera variant
• Corporate Results: NALCO, WIPRO, Indian Hotels, Godrej Consumer, Essar Shipping, Tata Elxsi, Sonata, Apollo Tyres, JSW Steel, Balarampur Chini, Zensar, Rane Brake, TNPL, United Phosphorous, Polaris Software, Tata Coffee

GENERAL

• Left smells a rat in PMs remark on Indo-Iran gas pipeline
• Manishankar Aiyar: Safety to be ensured for Indo- Iran gas pipeline project
• Kamal Nath: Leather exports must increase to $7bn by 2010
• Boeing to start talks on sale of F18 Super Hornets with the IAF
• NTPC to go for pit head power plants
• Kickback scandal: Volkswagen to refund money to Andhra government
• Inflation up at 4.14 per cent

• Bond yields rise - rupee touches six year high
• Insurance employees to get a 13.3 per cent hike in wages
• Allahabad Bank and PNB to buy bank in Kazakhstan
• Goldman Sachs may up stake in Kotak subsidiaries
• SBI Life to introduce new products
• Yes Bank to expand branch network
• Banking and Financial cos. results: Karur Vysya, SMGB
  

MARKETS

• Rover sold to Nanjing for up to £60mn