Market Roundup

• Dabhol Power assets transferred to Ratnagiri Gas and Power Pvt. Ltd.
• MMTC to source fertilizer raw material and acquire coal mines abroad
• Microsoft to double staff at Indian centres
• Bharti Info issued show cause notice for ISP licence violation
• Anil Ambani's DTH venture renamed as Reliance Bluemagic
  

GENERAL

• Chidambaram strikes upbeat note on economic growth
• IEG predicts 7 per cent GDP growth for the fiscal
• Chidambaram says Govt. will consider DEPB grievances
• India begins pilot test of hydrogen use in vehicles
• Gold jewellery exports to cross US$5bn in 2005-06
• Assocham study : Starting salary levels increase four-fold in five years

• J&K earthquake: RBI hikes consumption loan limit
• J&K earthquake: J&K Bank sets up relief fund

MARKETS

• FIIs record net sales of Rs.248.09 crore in equities
• Shree Renuka Sugars IPO subscribed six times

INTERNATIONAL

• Ericsson may be the front-runner in race to buy Marconi
• Delphi bankruptcy filing leaves GM with an uncertain outlook