Market Roundup

• Tata Consultancy enters UK life and pension industry
• Reliance's Hazira unit bags US award
• Hyundai targets export earnings of Rs.2,700 crore for the fiscal
• Bannari Amman Spinning to spend Rs.290 crore for expansion
• Strike at Grasim's Karnataka plant
• Indiabulls to take the NTC mill land issue to the Supreme Court
• Sri Jayalakshmi Spinning to expand operations
• BHEL get Rs.68 crore contract from PowerGrid
• LG Electronics targets US$6.7bn Indian sales in 2010
• Mallya wants stake in Air Sahara
• Barclays breaks off from TCS
• Max Telecom, Hutchison Essar part ways
• Enaleni to sue Lupin for marketing pact violation
• Cipla to talk to Roche on avian-flu drug
• Tata Power net dips to Rs.125 crore
  

GENERAL

• Even as exports are up 20 per cent, trade deficit widens for H1
• IATA chief: Aviation can be driver for growth
• Indian Post seeks Rs.625 crore support for computerisation
• India is 88^th most corrupt country in world
• Escorts Heart Institute in pact with Deccan Aviation to offer air ambulance

• Rupee continues losing spree
• PM expects Nabard to cover funding gap in Bharat Nirman
• India first Asian country for Deutsche Bank's retail service
• RBI asks major FIs to file quarterly liquidity reports
• LIC introduces new cover plan
• Crisil upgrades ratings on State govt. bonds

MARKETS

• MF distributors to come under the regulatory ambit of SEBI
• Damodaran: SEBI considering easing norms for IPOs
• Union Bank launches capital market operations
• Fidelity picks up 5.56 per cent in IL&FS Investsmart
• Institutional plan from DSP Merrill Lynch for its floating rate fund
• Prithvi Info sets price band at Rs.250-270
• Maiden multi-manager MF soon
• Kotak Mahindra makes open offer for 20 per cent in Everest Ind.
• WestBridge acquires 10 per cent stake in The Royal Orchid

INTERNATIONAL

• PetroKazakhstan shareholders approve CNPC takeover bid
• France fails to shackle EU trade chief Mandelson

PEOPLE

• Ratan Tata assumes charge as chairman, Tata Tele