Market Roundup

• HAL hands over first Dhruv helicopter to ONGC
• HAL: Light Combat Helicopter prototype to be ready by '07
• Bharti to invest Rs.4,000 crore on network expansion
• Sakhalin-1 to begin production from Oct.1
• Rs.26 crore order for BHEL from Ethiopia
• Tata Power gets clearance for captive jetty at Trombay
• Varun Shipping to acquire three LPG carriers for Rs.1,000 crore
• IVRCL to set up Rs.500 crore desalination plant near Chennai
• Skoda to roll out two new models — Combi launch next month
• CNBC-TV 18 to launch business leader award

GENERAL

• Price hike in petroleum products likely
• India may tap oil from Baku-Tbilisi-Ceyhan pipeline
• Cabinet clears revival plan for Dabhol project
• Cabinet approves National Rural Employment Guarantee bill
• CMIE forecasts industrial growth at 7.65 per cent for 2005-06
• EEPC strategy to boost exports to $30bn by 2010
• IIT, Kharagpur to open institute in IPR law

• Rupee weakens - securities up
• RBI's central board approves Rs.5,400 crore dividend to GoI
• Kolkata to be hub for ICICI Bank's east India operations
• RBI: G-Sec auctions for Rs.8,000 crore fully subscribed
• ICICI Bank to divest entirely in the Federal and South Indian Banks

MARKETS

• Crude hits US$66 a barrel — new record
• World's largest ever communications satellite, Thaicom-4, launched
• Chevron takes over Unocal