Market Roundup

• Steel majors lower prices
• Maharashtra government issues notices to energy suppliers
• Global bandwidth prices set to fall 20 per cent by year end
• Rs.2,120-crore orders for BHEL from APGenco
• HCL launches 'PC for India' at Rs.9,990
• Tata Tea to raise investment limit by Rs.500 crore
• Two petitioners opt out of COAI's petition against Walky services
• Tata Steel and Jharkhand settle land lease deal
• Maruti's Alto car gets a makeover
• Airlines waive cancellation fees levied on tickets
• Hyundai offers relief for rain damaged vehicles in Mumbai
• Corporate performance: TVS Motor Company, Hero Honda, Pitti Laminations, Northgate BPO, D-Link, HCL Peripherals

GENERAL

• Heavy rains for two more days
• Q1 fiscal deficit up 31% at Rs.54,517 crore
• India, Korea in final round of consultations on economic partnership
• South Korea and India to consider proposal for strategic gas swap
• Oil PSUs get in-principle nod to offload cross holdings
• Two BARC reactors in 'safe shutdown' mode
• Congestion threat at JNPT and NSICT as rains and floods disrupt links
• VSEZ Q1 export turnover at Rs.180 crore

• ECB norms modified with immediate effect
• Electronic matching system for gilts trading launched
• Kerala State development loan 2015 auction slated for Aug. 4
• LKB offers rupee drawing facility at Dubai
• Banking Results: Karnataka Bank, Yes Bank, LIC Housing

MARKETS

• Saudi king Fahd passes away - Oil prices hit new high
• Change of guard at Nokia: Kallasvuo to succeed Ollila as CEO

• A.K. Singhal takes over as director, Finance at NTPC
• LG India reshuffles upper echelon