Market Roundup

• Cairn Energy pursuing expansion of Rajasthan resource base
• Satyam sells Sify to Infinity
• GE to reinvest proceeds from Dabhol settlement
• Ugam Solutions opens another center in Mumbai
• Thomson broadens base in Asia, looks at Bollywood for growth
• Petronet seeks equity in Ratnagiri Gas and Power
• Sundram Fasteners to acquire German co. Peiner
• Tata Steel floats joint venture with BlueScope
• Brazilian bus maker Marcopolo seeks tie ups in India
• Tata Motors receives CII-Exim Bank Business Excellence award
• W3C opens office in India
  

GENERAL

• Transfer of financial services company shares to come under automatic route
• Left parties to submit proposals on WTO discussions to Govt.
• Maran: Three pronged strategy to increase broadband penetration
• Snow: Liberalise financial sector to prevent slowdown in growth
• India portal launched
• Telecom: Domestic, overseas license fees slashed

• Rupee tightens up; bonds lacklustre
• RBI says rupee fall is orderly
• ICICI Bank expected to sell 10 per cent stake in Arcil
• RBI to issue easier credit norms to exporters in ten days
• Bankers' conference begins today
• IBA to lay down fair practices code

MARKETS

• Investor accounts on the rise at NSDL
• UTI plans SPrEAD Fund to tap cash, derivative difference
• SBI MF introduces floater fund
• Everest Kanto plans IPO
• Franklin Templeton launches Smaller Companies Fund

INTERNATIONAL

• IEA trims forecast for growth of global oil demand in 2005, 2006
• US trade deficit for September at record high
• British hedge fund Man Group wins Refco auction
• News Corp profits on the up, even as company takes US$1bn charge
• Siemens looks ahead to 2007 even as profits fall
• Fannie Mae's woes: More accounting errors

PEOPLE

• Faraday medal for Azim Premji
• Usha Thorat replaces K.J. Udeshi as RBI Deputy Governor
• Best executive award for Vizag Steel plant chief