Market Roundup

• Mitsubishi to set up second plant in Haldia
• Prakausali Investments in open offer to acquire stake in Unitech
• HM to launch Cedia, Montero
• ONGC not to offload stake in IOC, GAIL
• PSL to increase Vizag mills capacity
• KEC International's scheme of arrangement sanctioned
• Himatsingka's GDRs get listed
• Posco goes against central govt; to build separate port
• IOC commissions unit at Panipat refinery
• MTNL joins lifetime free bandwagon
• Indian registers Rs.65.61-cr net profit in '04-05
• Scandent receives $64.5 mn from Australia company
• Thermax merger scheme receives approval
• MBT looks at acquiring BPO unit
• PSL receives Rs.240cr contract from Gail
  

GENERAL

• Internet subscriber base crosses 6-m mark
• Infrastructure growth down to 3 pc in Nov
• Israeli firm to invest in building shopping malls in India
• FDI hike in insurance, pension reform non-starters in 2005
• Punjab in export deal to Europe, Gulf from 2007
• Bihar Government in talks for reopening of thermal power stations at Kanti and Barauni
• 70 companies get nod for financial bids in FM radio
• CERC likely to set trading margins at 6 paise per unit
• SAFTA ratified by Bangladesh
• CII: Manufacturing is key to growth
  

• Rupee falls; bonds see marginal rise
• ICICI Bank offloads Federal Bank stake for Rs.54.18 crore
• Bank of Rajasthan ties up with Electra Card services
• IMD redemption to benefit SBI: Purwar

MARKETS

• UTI MF to launch offshore funds in 2006
• Raj Rayon price band fixed at Rs.55-65
• Sugar companies to see sweet days ahead
• Kolkata broker suspended

INTERNATIONAL

• Proton sells motorcycle unit

PEOPLE

• Australian media magnate Packer dies at 68