COMPANIES

• Hindalco to invest Rs.7,700-cr in smelter project in MP
• Unitech bags largest land deal
• Intel to launch low-cost, hi-tech PCs
• MTNL slashes Mumbai-Delhi STD rates to local call levels
• Huge response for SpiceJet Rs.99 offer
• Grover to launch low-priced wines by year end
• Satyam to open centre in Guangzhou
• K. Raheja Corp to develop another IT park
• BIFR order on Jessop stayed by appellate authority
• Divi's Labs receives approval for pharma SEZ
• Essar group co. setting up Rs.1,969-cr plate mill plant
• Corporate results: Bharat Forge, Pidilite Industries, Crompton Greaves, Visa Steel, Torrent Pharma, Srei, ICI India

GENERAL

• Centre favours SPV model for hydro power projects
• Govt to electrify 40,000 villages in current fiscal
• Govt urged to strengthen infrastructure at major ports
• TRAI for more consumer transparency
• Govt clears first FDI proposal in retail sector

• Indian ADRs shine
• Supreme Court upholds Sebi's powers
• Deccan Aviation IPO struggles
• Special margins imposed on commodity contracts
• Allcargo fixes price band at Rs.625-725
• Indian Card Clothing Board recommends dividend

• Fannie Mae settles charges, agrees to limit asset growth
• Euronext sees off hedge fund efforts to derail NYSE bid