Market Roundup

• Pepsi to focus on premium brands
• Actis acquires stake in Sandhar for US$23mn
• Promoters offload 1.43 per cent in Biocon for Rs70 crore
• VSNL plans global managed services
• Braithwaite's revamp package approved
• RIL gets 'Excellence in Water Management' award
• RIL to sport new logo
• RIL selects Ahmedabad for retail mart debut
• Videocon to relaunch Kelvinator
• Saneron joins up with LifeCell for stem cell research
• Dr Reddy's gets tentative nod for antidepressant
• RCF plans new ammonia plant
  

GENERAL

• Cabinet approves SAFTA implementation
• Cabinet approves amendment to FCR Act
• Govt.and Left continue discussions on disinvestment
• No disinvestment of RCF and NCL: Paswan

• Rupee marginally weaker
• Banks launching no-frills accounts in response to RBI's inclusion plan
• Kotak Mahindra OM Life expects more business in Q4
• Union Bank to raise Rs.500 crore in current fiscal
• Irda throws out insurers plea to soften agents` norms
• Union Bank to raise Rs.500 crore
• Union Bank launches new product for SMEs
• SBI to retain 15-20 per cent of IMD

MARKETS

• SEBI panel recommends short selling by institutions
• Oriental Containers declares 10 pc dividend
• India Infoline to raise Rs100 crore
• UTI AMC announces plans to grow AuM
• Dainik Jagran plans IPO by Jan
• Gail to consider issue of interim dividend on Jan. 12

INTERNATIONAL

• Mario Draghi is new governor of Italy's central bank
• Cadbury's Christmas buying and selling is still on
• Hilton hotels restore identity after 40-year split

PEOPLE

• Jaiprakash Hydro appoints Manoj Gaur as chairman
• Udayan Bose on the board of Reliance Cap
• Infotech director Rajan Babu quits