Market Roundup

COMPANIES

• Mylan Labs to acquire 71.5 pc stake in Matrix
• Aditya Birla Nuvo to hive off export biz of Madura Garments
• Ultratech announces capex of Rs1,424-cr over three years
• British Telecom plans joint venture in India
• 3i Infotech consolidates operations
• Air Sahara orders 10 Boeing planes
• Stone India gets order from defence ministry
• Kilburn Engineering gets order from Canadian firm
• Ansal Housing to raise up to Rs233-cr
• Colgate Palmolive announces VRS
• Case filed against Pepsi
• Sintex lines up Rs410-cr expansion plan over four years
• SEZs of TCS approved by Karnataka government
• Dr Reddy's to raise funds from overseas market

• US increases focus on alternative energy sources
• Centre committed to big investments in power: PM
• Chennai lagging in IT: Maran
• Pakistan violating spirit of SAFTA: Jairam Ramesh

• Re moves up against dollar
• ICICI Bank in tie up with Mitsubishi UFJ
• RBI works out ways to transfer stake in SBI
• NHB to launch reverse mortgage scheme for senior citizens by year-end
• UCO Bank completes restructuring
• J&K Bank aims at top slot in commodity financing
• BoI JV with Japan-based Dai Ichi cleared
• Temasek not allowed to raise stake in ICICI Bank

• Tech Mahindra lists at premium of 44 pc
• SBI Group enters VC business with Japan's Softbank
• Precision Electronics allot 83-lakh bonus shares
• L&T members approve 1:1 bonus
• UTI Mutual to launch close-ended wealth builder fund

• Lipsky to become IMF's first deputy MD
• eBay announces mega deal with Google
• Bankruptcy law for business enacted in China