Market Roundup

COMPANIES

• ONGC Videsh signs contracts for two blocks in Vietnam
• Bosch commissions common rail pump manufacturing unit at Bangalore
• GMR group IPO to raise Rs1,200-cr
• Hexaware Technologies and SAS in strategic alliance
• Tata Power in EPC with Siemens and Doosan Heavy for ultra mega power projects
• Wipro acquires leading European retail solutions provider
• Haier launches cell phones
• La Opala plans facility in Uttaranchal
• Hyundai Engg thrown out of Sethusamudram project
• Corporate results: Britannia Industries, Sterlite Industries (India) Ltd, Simbhaoli Sugar Mills Ltd, Clariant Chemicals

GENERAL

• Left parties flex muscles on fuel price hike
• IT/ITeS exports up 33 pc at $24bn
• NH network widened with eight new road stretches
• Centre meets revised fiscal deficit target
• TRAI: Deploy wireless technologies for broadband growth

• FII trades: SBI, PNB shares trade at premium
• iShares MSCI India to list on SGX on June 15
• Franklin Intl. fund to standardise valuation of assets
• Principal PNB AMC launches fixed duration fund

• Asian markets ride firm with new rally
• Wall Street continues its rally
• NYSE Group to acquire Euronext for about $10 bn
• Bank of China lists at 15 pc premium on stock market debut

• V.P. Singh is new CBEC chief
• Rani Jadhav holds interim charge as JNPT Chief
• Swaraj Mazda appoints Yash Mahajan as managing director
• Paterson succeeds Purdy as new MD, Aviva India
• JM Financial appoints additional directors