Market Roundup

• Rolls Royce sets up subsidiary in India
• ONGC willing to buy back equity stake from IOC, GAIL
• Kotak's IGF acquires 10 per cent stake in Paramount Airways
• Kalyani group to expand overseas
• 3i Infotech acquires SDG software
• Nalco to enhance production capacity
• RailTel to expand operations
• Videocon merger plans get approval from HC
• Siemens to foray into new areas
  

GENERAL

• Asian oil meet: call for integrating energy market
• India, Korea sign six MoUs in the hydrocarbon sector

• Rupee, bonds decline
• HDFC sells 2.2 per cent stake in Canfin Homes
• Deutsche Bank to issue credit cards
• HSBC looks at diluting stake in UTI Bank
• Calyon to invest US$100mn in Indian operations
• ICICI launches Rs.7,000 crore public issue
• HSBC awaits RBI approval for NBFC
• Union Bank launches on-line trading services
• Rabobank gets FIPB nod to hike stake in Yes Bank
• Yes Bank to offer retail banking from next quarter

MARKETS

• Fidelity seeks Sebi approval for its MultiManager Cash Fund
• Kinetic Motor to allot shares to Bennett Coleman
• Radico Khaitan board approves stock split in 1:5 ratio

INTERNATIONAL

• Russia steps into the ring for Iran-Pakistan-India gas pipeline project
• Wall Street's fifth straight week of gains
• EU approves Teva bid for IVA
• China to build strategic oil reserves
• CBI's Digby Jones: Business anger against Labour is "palpable"

PEOPLE

• Mukul Agarwal now Unisys' India chief
• Coke's Amit Jain to join MTV