Market Roundup

• Sanyo to re-enter India, in JV with BPL
• Nokia to set up global network solution centre in Chennai
• CFL to scale up its apparel production
• Kajaria Ceramics to hike capacity with investment of Rs.123 crore
• Zydus Cadila files IND application for new molecular entity
• Dwarikesh commences operations at green-field project in UP
• Cadila Healthcare in JV with Bharat Serums
• Dolphin Offshore bags US$1.75mn contract from
  Iranian co.
  
• Intel Capital completes investments in three Indian companies
• Govt. disallows ONGC's Nigerian bid
• Reliance to supply aviation fuel to 12 airports
  

GENERAL

• PM suggests 'specific financing window' for Bharat Nirman
• China to enter into FTA deals with trading partners from next year
• Onscreen smoking ban postponed yet again
• Nasscom-McKinsey: India to face skilled workers' shortage by next decade
• CCEA allows CSIR scheme on intellectual property
• Cabinet gives nod for HEC revival
• Trai suggests resale of international bandwidth
• Forex reserves up by US$845mn
  

• Rupee gains; bond prices fall
• Redemption likely to cause pressure on liquidity: Reddy
• IDBI rules out taking over IFCI, IIBI
  

MARKETS

• Bajaj Auto Finance issues preference shares to promoters
• Gabriel India goes for stock split in 1:10 ratio
• United Phosphorus issues additional US$10mn FCCBs
• Gulf Oil allots warrants to Teck Consul, Esquire
• Himatsingka Seide raises US$60mn via GDRs
• Service tax net may spread to cover NCDEX, NSE
  

INTERNATIONAL

• Efforts to salvage WTO talks continue
• Italy's central bank governor under renewed pressure to quit
• Threadneedle, LSE's biggest shareholder, rejects 580p bid
• Conrad Black charged with racketeering
  

PEOPLE

• Unilever announces appointment of Douglas Baillie as HLL chief
• Malcolm Monteiro will be new Blue Dart MD
• Satyam inducts Kenneth Taormina as senior VP
• India's 40 richest individuals worth four times more than China's top 40