Market Roundup

COMPANIES

• Boeing plans to invest $280mn in India
• Volvo may pick up stake in Ashok Leyland
• BHEL to invest Rs1,600-cr on expansion
• Laptops gain favour at the cost of PCs
• Metro AG to invest euro 300mn in India
• Ispat Inds plans 3MT pellet unit in Vizag
• Essel Propack acquires Packaging India
• Nagarjuna gets Rs114-cr order
• Strides gets USFDA nod for AIDS drug Stavudine
• Suven, Eli Lilly sign pact for pre-clinical research
• Genpact inaugurates recruitment office in Noida
• Sony may acquire stake in Ten Sports

• Ministry eases duty free norms
• Milk powder, ghee prices zoom in NCR
• U.N. Labor Agency begins meeting on Asia
• Depreciation claims on wind turbines may become tradeable
• SEZs to cause Rs1,75,487-cr loss
• NRS 2006: Daily newspapers added 12.6mn readers
• DoT to take decision on telecom companies with higher FDI

• Rupee firm against dollar
• Insurer Oriental Insurance Co ordered told not to victimise elderly
• RBI against FRBM target relief

• IL&FS plans $400 million PE fund
• Cambridge Tech to float IPO
• Open offer to Matrix Lab shareholders
• Tata MF plans children's fund
• ETC announces buyback of shares
• HSE suspends trading temporarily
• JM Financial allots shares to 2 FIIs
• Tata Steel likely to raise $600mn by floating GDRs
• Sheths hike stake in GE Shipping

• Dell, Apple to discuss batteries standards

• Kniese to head SAP Labs India
• New GM appointed at NTPC
• Rami Reddy to head unit of BHEL
• Virtusa gets new director