Market Roundup

• Hewitt: India tops pay hikes in Asia
• GAIL and Shaanxi Huashan sign MoU for coal gasification project in China
• Govt. clears Reliance, Wipro, Biocon SEZs
• VSNL takes over Tata Power Broadband for Rs.239 crore
• BPCL plans to borrow Rs1,000 crore this year

GENERAL

• India-Bangladesh-Myanmar gas pipeline: Aiyar 'satisfied' with talks
• Chidambaram unveils four-pronged strategy for SMEs
• Govt. may back off on ONGC board nomination issue
• Nasscom: IT and ITeS exports to grow by 35 per cent
• Rajasthan to roll out two more luxury trains

• Rupee strengthens further - gains 5 paise
• RBI issues revised guidelines for settlement of NPAs in the SME sector
• BoI to augment Tier II capital through bonds issue of Rs.750 crore
• GE Money launches used-car finance scheme - Face2Face
• Usha Martin board clears GDR issue of US$25mn

MARKETS

• SEBI approves demutualisation of Cochin Stock Exchange
• Flextronics fixes Rs.725 to delist shares

• Oil prices slip further as Gulf of Mexico refineries and platforms re-start production
• Bras head for shops as EU and China cease fire