Market Roundup

• PetroKazkhstan acquisition: ONGC-Mittal combine lose out to China's CNPC
• Bharti to invest US$1bn in current fiscal
• Ford's new car being developed for Indian and Chinese markets
• Nokia's global investors meet to focus on India
• Dubai 2005 to feature 'Brand India'
• TV Today launches Tez - a 24 hrs Hindi news channel
• HCL top desktop PC company in India
• Microsoft to train 20,000 teachers in Tamil Nadu

GENERAL

• Cabinet may consider the Pension Bill soon
• Forty seven new SEZs to be set up
• Montek: Domestic oil prices must align with global prices

• Rupee dips — G-secs weak
• Bank of Maharashtra, OBC and BOB team up for joint venture in Malaysia
• Birla Sun Life launches single premium plan - Prime Life
• South Indian Bank raises Rs.65 crore from Tier II bonds
• Indian Bank raises US$100mn through syndicated loan
• Corporation Bank to offer capital market services through IL&FS Investsmart

MARKETS

• SEBI bars Magadh Stock Exchange
• LIC Mutual to double assets under management this year
• SBI Mutual Fund launches multi-cap fund

• Maytag board approves Whirlpool offer for US$1.7bn
• Merck may face US$18bn in lawsuits - Vioxx death toll estimated at 60,000