Market Roundup

COMPANIES

• IBM to invest $6bn in India
• BHEL to set up CIMAR
• Punj Lloyd gets Dabhol LNG terminal order
• Godrej to expand capacity with Rs105-cr investment
• Malwa Ind to double denim capacity
• BOC India in pact with JSW Steel
• LG raises refrigerator prices by 6 pc
• DoT asks MTNL to give up unused spectrum
• Reliance ADAG plans sub-branding strategy
• Lanco to execute power projects in UP
• IBM, Bharti enter into pact
• Atul Auto in Rs180-cr capex plan
• Corporate results: HDFC, Tata Tea

GENERAL

• No roll back of price hike: petroleum ministry
• IPTV may be part of telecom segment and not cable TV
• Divest stake in PSUs: Assocham
• Left parties for nationwide bandh on June 13
• Tea production falls due to lack of rains; exports take a hit

• Berger Paints recommends 3:5 bonus issue
• Diamond Cables to raise Rs150-cr

• US treasuries fall on interest rate speculation
• Delphi, union move closer to deal

• Kurien to quit from IRMA
• Kingfisher top brass reshuffle
• Vivek Rampal quits from Unilever
• 3i Infotech appoints A. Prabhakaran as COO, South Asia
• Larsen & Toubro effects changes in directorate
• Hindustan Dorr appoints SC Sekaran as director