Market Roundup

• Ratan Tata: Tata's may enter nuclear power, if allowed
• Tata Sons to ramp up outsourcing business
• Tata Power plans huge outlay
• BK Birla wills stake in Pilani Investments to Kumar Mangalam Birla
• Boeing: Indian aviation market to absorb 490 planes in 20 years
• Vedanta Resources to take up US$700mn expansion plans
• Texas Instruments to launch the world's first single-chip mobile phone in India
• TVS Motor to acquire frames division of Bharat Tech.
• TCS enters into first of its kind drug discovery deal
• L &T to supply 2.5-million tonne blast furnace to Tata steel
• TCS and Oracle begin RFID pilot project at Heathrow Airport

GENERAL

• India-Iran gas pipeline project: International consortium company likely
• Cabinet clears eight bills
• Rs.7,500 crore fund for setting up 25 textile parks
• ISMA and oil PSUs sign pact for sustained off take of ethanol

• Rupee sheds seven paise - securities range-bound
• Increased representation for Govt. nominees on bank boards
• RBI: Appropriate rating agencies needed for rating micro-finance bodies
• RBI asks banks to verify balances in currency chests
• RBI: Simplify account-opening norms in flood-hit areas
• Dena Bank offers life cover for account holders
• Chidambaram asks for settlement of insurance claims below Rs.50,000 by Aug. 31

MARKETS

• Amrutanjan MD, S. Radhakrishna passes away
• Daljit Singh joins Bharti Tele