Market Roundup

• BSNL floats global tender for latest hi-speed broadband technology
• Shell not to sell Hazira LNG terminal
• CESC wants to hike average power tariff by 3.80 pc
• Man Industries gets Rs.163 crore order from GAIL
• ABB India receives order from ONGC
• Zenith Birla to issue fresh equity to raise Rs.125 crore
• TurboTech gets investment from World Bank arm
• Jagson Airlines to start national operations
• GR Cables receives Rs.5.65 crore order from MTNL
• JB Chem in pact with Taro Pharma
• Satyam gets into online medical solutions
• Government to collect Rs.1,400 crore from Maruti stake sale
• GSM operators net huge subscribers in Dec.
• LogicaCMG wins telecom contract
• HP to offer MS based solutions
  

GENERAL

• Railways open up container operations
• New computer magazine launched
• Personal computers see higher sales in first half
• GDP likely to grow by 7.7 pc in FY07
• Karnataka considers reviving Kudremukh mines
• Internet user base rises to 31.7 lakh
• Karnataka in talks with WB for health loan
• Indian apparel exports growth disappoints
• UP to revive power sector

• Rupee stronger
• Follow-on issue from Andhra Bank opens January 16
• IFC increases exposure in India
• UTI Bank to raise up to US$1bn to fund expansion
• ING Vysya MF launches scheme targeted at women
• IDFC selects Misys' risk management solution
• OBC to issue bonds to raise Rs.500 crore
• SBI credit card wraps two million customers
• SBI to retain 15 pc of IMD money

MARKETS

• Grabal Alok makes preferential allotment
• L&T to raise US$100mn through FCCBs
• PFC issues bonds to raise Rs.1700 crore
• Bajaj Hindusthan allots 1.46 lakh shares upon FCCB conversion
• Siel declares 10 pc interim dividend
• Mastek to consider bonus share issue

INTERNATIONAL

• For Boeing, 2005 is a record year for airplane orders
• IBM too moves away from traditional pension plans
• Howard Stern gets US$220mn in Sirius Radio shares
• S&P lowers ratings for Ford and its credit arm