Market Roundup

COMPANIES

• Reliance claims dues from BSNL; goes to TDSAT
• Car sales rise 30 per cent in May
• Parsvnath Developers wins Chandigarh land deal: outbids DLF
• ACC, Tarmac merger approved
• Kirloskar Ferrous announces acquisition of Kirloskar Oil's castings division
• ONGC reorients exploration strategy
• Ranbaxy to acquire 96.7-per cent stake in Romanian co
• L&T Infotech aims to double revenues
• Khaitan Chemicals net profit up 94 per cent
• Volkswagen to set up plant in India
• GAIL, HPCL sign JV for PNG distribution in MP
• HCC net profit falls

GENERAL

• President advocates a comprehensive bio-diesel policy
• India Desk established in Australia

• HDFC MF hikes stake in Apollo Tyres

• Mittal's Arcelor bid cleared in Canada
• US stocks recover some losses

• Hanmkr Acharya to be part time chairman, Kotak Mahindra Bank