Market Roundup

• Tata Motors earmarks Rs.6,000 crore for small cars
• Huber to pick up majority share in Micro Inks for up to Rs.991 crore
• Ericsson to establish R&D unit in India
• TCS's new Chennai center to handle infrastructure management and BPO
• Shakti Pumps bags US$1mn order from Spain
• Fiesta makes global debut in India
• Bosch to introduce Denoxtronic technology in India
• Posco to invest US$500mn - short-lists seven Indian mining companies
• Infosys becomes US Sox Act compliant
• Huawei Tech to expand Bangalore center
• Mitsubishi Lancer price cut by more than Rs.90,000
• GMR group of Industries plans expansion
• Corporate results: Tata Motors, HCL Tech, VSNL, Panacea Biotec, ABB, IPCL, Vivimed

GENERAL

• Dutch Dy.PM: Netherlands to relax visa rules for Indians
• GDP growth scaled up to 7-7.5 per cent
• National Disaster Response Force to be deployed soon
• India to get 650 tonnes of onions from Pakistan
• Gold prices up as festive season approaches

• Rupee gains - bonds up
• RBI hikes reverse repo rate - leaves bank, CRR rate unchanged
• Bank stocks rise after RBI leaves rates unchanged
• HDFC Q2 net up 20.49 per cent at Rs.298.98 crore

MARKETS

• Binny to issue 35 crore preference shares to promoters
• Asia stocks rise on Bernanke appointment
• SICAL restructures Rs.118 crore debt

INTERNATIONAL

• Ericsson takes over Marconi - end of an era
• World Bank report: Developing lands hit hardest by 'Brain Drain'
• IISS: China's defence spending more than double of that disclosed