Market Roundup

• Reliance Energy, Reliance Capital to consider merger of ADAE cos
• Bajaj Auto offers two-wheeler financing through tie-up with Union Bank
• Kanoria Chemical's puts UP plant into operation
• Maxwell Ind to issue bonus shares in 3:4 ratio; to go in for stock split
• Jaiprakash to expand cement capacity
• Investors hiking stake in RIL
• Teva looks for tie ups with Indian cos for clinical research
• InfrasoftTech to acquire US firm
• Mittal in talks to acquire 49 per cent stake in China's Baotou
• IOC divestment of stake in ONGC, GAIL gets nod
• Pilots leave Alliance Air in droves
• EFI plans to expand presence in India
• Chola MS launches insurance package for Jewellers
• SAIL favours mega merger of steel PSUs
• Man Industries receives Rs 1.63 bn order from Gail
  

GENERAL

• Mines ministry rejects Nalco divestment
• Foreign tourist arrivals rise 13 per cent
• FM invites big firms to file tax under one roof
• Haryana approves draft policy on renewable energy generation
• India, Iran, Pakistan pipeline talks in March
• HP govt starts constructing roads
• PMO sets up panel on the ICE sector

• Rupee, bonds rise
• IMD redemption begins today
• RBI asks RRBs to offer credit cards, no frills account to rural masses
• PNB to disburse Rs 1,155 cr as retail loans in Punjab
• KVB launches one-month special campaign on term deposits
• ICRA gives 'mfAAA' rating to HDFC MF scheme
• RBI pumps in Rs 21,415 cr to ease liquidity in view of IMD redemption

MARKETS

• IOC-IBP swap ratio revised to 110:100
• Stock exchanges want cos to stick to Dec 31 deadline
• ICSA India to increase authorised capital
• IICM awards paper on capital markets

INTERNATIONAL

• Enron executive agrees to plea deal
• China increases focus on renewable energy

PEOPLE

• Purohit is Walt Disney's publishing biz head
• Chakrapani appointed Nokia country GM