Market Roundup

• Aurobindo Pharma to buy out UK pharma company
• NRB Bearings posts strong profit growth
• BSNL, MTNL launch One India plan
• Sun Pharma plans to demerge its R&D dept.
• Siemens to acquire Elpro's isolator business
• General Motors India to enhance capacity
• Patel Engg. to venture into hydro power
• Noida Toll Bridge Co. makes changes in its O&M deal
• Novartis' patent for cancer drug rejected
• Videocon Ind.'s FCCBs raise US$90mn
  

GENERAL

• Maran: Higher revenues from One India plan to offset tariff losses
• Independent directors: Revised company law to be introduced in April
• Industrial production logs 5 per cent growth in Dec.2005
• US restructuring of diplomatic positions allots highest priority to India, China

• Exim Bank provides US$44mn loan to Senegal, Niger
• IndusInd Bank to raise Rs.250-cr via bonds
• OBC to raise Rs.500-cr Tier II capital
• Award for Andhra Bank

MARKETS

• Sterlite approves bonus issue, stock split
• M&M Financial finalises IPO price band
• HCC to raise US$150mn in markets
• Techno Electric plans stock split
• LML allots 24.47 lakh shares to Merrill Lynch
• Bajaj Hindustan allots 1.46 lakh shares

INTERNATIONAL

• G8 meet in Russia to focus on energy supply, security
• Singapore's PSA concedes P&O takeover battle to DP World
• De Beers declares record production of diamonds for 2005
• Tundra pickup truck: Toyota prepares to assault Big Three's last bastion