Market Roundup

• ONGC, petroleum ministry sign MoU on production targets
• Maxis, Apollo group to acquire Aircel for over US$1bn
• BSNL slashes fixed line rentals, launches lifetime mobile card
• Aftek acquires stake in German company for €8.86mn
• Jain Irrigation to invest Rs 225 cr on expansion
• Webel-Sl Energy Systems sets up new unit at Falta SEZ
• Goldiam to open retail outlets
• Tata Indicom launches life long scheme validity in pre-paid
• Mumbai to host Oracle OpenWorld in Jan 2006
• Hutch, Airtel offer more schemes
• Raghav Bahl transfers over 10 per cent stake in Network 18
  

GENERAL

• Indian external debt increases to US$122bn
• Govt. to make huge investments in NMDP
• Inflation up to 4.62 pc
• New York city bans three Indian herbal products
• Rural debt burden up 4 per cent since 1991: Survey

• Rupee up
• IOB plans to sell gold coins
• ECGC to cover marine exports
• Allahabad Bank signs MoU with tractor makers
• SBI in ATM sharing pact with IndusInd Bank

MARKETS

• SEBI hikes position limits for stock derivatives
• NSDL finds lapses by Karvy Share Broking in opening demat accounts
• MFs can launch gold exchange-traded funds
• Shree Renuka Sugars announces 20 pc dividend
• Noida Toll Bridge to raise US$45mn overseas

INTERNATIONAL

• US to postpone enforcement of CAFTA-DR agreement
• Dow experiences first loss for the year since '02
• Citigroup doubles offer to US$3.2bn for Guangdong Bank