Market Roundup

• Wipro eyes US$300mn revenue in GM deal
• IA launches 'unchecked fares' in 146 sectors
• Tata Motors car sales up 15 pc in Jan.
• Lanco gets three hydelpower projects in Uttaranchal
• Reliance hikes prices of select products
• India Infoline in pact with Saraswat Bank
• Deepak Fertiliser's retail company to lease space
• Riddhi Siddhi gets Rs.6-cr order from Heinz
• KLG Systel may get rural electrification contract
• Dr. Reddy's in joint development pact with UK co.
• BHEL makes solar plant in Sunderbans operational
• Nortel, Huawei Tech enter into JV
• Quintegra Solutions sets up Malaysian arm
• AMP Sanmar renamed as Reliance Life
• VLS Q3 net profit doubles at Rs.5.94-cr
• Hexaware Q4 net up 41 pc
• Nokia ordered to pay service tax for consultancy work abroad
• Clarins to set up outlets in every Indian city
• Reliance questions AAI chief's role in bidding
  

GENERAL

• Govt. to import wheat to curb rising prices
• Gold continues to set records
• IFC to invest Rs.50-cr in JK Paper
• Left trade unions warn Govt. over airports issue
• TN cuts electricity tariff for powerlooms
• IIF report puts India's corporate governance above average

• Rupee weakens
• Birla Sun Life hikes capital by Rs.40-cr
• Union Bank of India public issue opens on Feb.15
• Final guidelines on securitisation of assets issued
• PFC' to issue private equity to foreign investors

MARKETS

• Nahar Industrial to raise US$40mn through FCCBs
• Report on multiple accounts to be submitted by Feb. 15
• Wheat imports to hit futures

INTERNATIONAL

• Western Union shuts down telegram service after 155 years
• Oil at 3-week low as U.S. not to seek Iran sanctions for now
• General Motors awards US$15bn in IT outsourcing contracts
• Shell's full year profits at record US$22.94bn
• UK warns Gazprom over Centrica takeover

PEOPLE

• Sanjeev Aga elected chairman of COAI
• Brian Rogan is senior VP at Sierra Atlantic
• K. Subbaraman is new ED for Central Bank of India