Weekly Roundup

• Air-India plans non-stop US flights
• OVL plans block buyouts, JVs abroad
• Bharti to raise FDI limit
• Ruia in acquisition mode of sick companies
• Usha Martin's US unit likely to start production by Sept.
• Mercator announces Q3 net at Rs.59 crore
• Dunlop dues estimated at Rs.300-cr
• Amtex plans Rs.100-cr Chennai unit
  

GENERAL

• Seven new ministers in Union cabinet
• Iran-Pakistan-India workshop on gas pipeline project begins today
• 4,000mw project to come up in Maharashtra

• SBI declares marginal rise in net profit
• Western Union to double network
• Karnataka Bank declares Q3 net profit at Rs.42-cr
• Dena Bank ties up with SMERA
• Trade union wants PSU general insurers to merge

MARKETS

• UB offers one share for every 40 in Mangalore Breweries

INTERNATIONAL

• Arcelor board rejects Mittal Steel's bid
• Saudi Arabia: Asia to spur oil demand
• Gold dips as dollar rallies

PEOPLE

• V. Vishwanathan is new ED for BHEL's Bangalore divisions