Market Roundup

• Cairn Energy raises Rajasthan oil reserve estimates
• OVL acquires 30 per cent stake in seven Cuban oil blocks
• BCCL begins drilling for coal-bed methane
• Construction of Tata Steel's ferro-chrome plant in S. Africa to start in Dec.
• Tata's DTH JV to launch April 01, 2006
• Tatas, Fiat mull global alliance
• Emirates contract worth Rs.499 crore for Voltas
• Newbridge Capital to invest US$100mn in Shriram Holding's trucking operations
• Matrix acquires 43 per cent stake in Swiss firm Explora Labs

GENERAL

• Pharma sector to top Rs.60,000 crore by '08
• PowerGrid to develop high voltage transmission lines jointly with four other countries

• Rupee moves up - securities flat
• GIC mulling strategic buys in Afro-Asian reinsurance companies
• Corporate Debt Restructuring Cell launches its website

MARKETS

• Bull run at the markets: All T-group stocks in placed in price band from today
• RBI allows FII purchases in Mahindra Gesco, Tata Tea
• Hindalco to raise Rs.2,500 crore through rights issue
• Piramyd Retail files red herring prospectus with SEBI

• OPEC offers spare oil production capacity
• New York Times Co. to slash 500 jobs
• Microsoft revamps corporate structure