Market Roundup

• CMIE downgrades car sales growth to 7 per cent in 2005
• Mittal Steel drops ore export proposal for its steel plant in Jharkhand
• Idea posts net profit of Rs.76 crore for 2005
• W.Bengal takes up Metal Box rehabilitation issue with BIFR
• Bharti opts out of airport modernisation bid
• Accenture's India centre to mark higher growth
• Gujarat NRE launches coal trading portal

GENERAL

• Chirac announces India's decision to buy six Scorpene submarines
• Industrial growth slumps in July
• Dubai seeking Indian investments in its special zones
• IDC report: SMEs to propel growth in security tool market

• Rupee tad higher; bonds steady
• Purwar: SBI focusing on 'virtual' merger with associates, not legal
• Patil: UTI Mutual stake not to be sold to a single entity
• LIC market share dips to 76.19 per cent
• IOC garners Rs.1,225 crore through bond issue

MARKETS

• Sibal complains to Sebi on ONGC gas find
• Safety In The Market, Australia, launches operations in South India
• KSL announces share split
• Hind Dorr-Oliver board approves preferential allotment of shares
• GE Shipping board to consider de-merger issue on Sept.15

• Yen and Nikkei rally with Koizumi's landslide victory
• Germany: Euro falls, as support for Merkel appears to slip