• Zuari Cement to have Italian flavour
• Praxair to build DSP oxygen plant for SAIL
• Wockhardt obtains FDA nod for plant
• Mico workers at Bangalore unit threaten strike
• RIL raises petrol price by Rs.2 per litre

GENERAL

• Left sweeps West Bengal, Kerala: warns of bigger role in government
• FM says no oil duty cut
• Air travelers may face air travel cess

• MSCI India adds five cos to index
• Deccan Aviation IPO price band at Rs.150-175
• Reliance Petro debuts at 70 pc premium on BSE
• Principal Mutual to offer FMP scheme

• China reports April trade surplus of $10.46bn
• US Fed raises rates

• Burmans' nominee appointed non-executive chairman at Punjab Tractors
• Arathi Krishna appointed on Sundram Fasteners board
• Sitaramam takes over as MD of SBT
• Satyam appoints Dr Heij as head of continental Europe ops
• Kaushik Mehta appointed VP, Diamond High Council