Market Roundup

COMPANIES

• Reliance-ADAG's DTH foray gets in-principle approval
• BSNL mobile subscriber base crosses 20mn mark
• Singhanias to untangle cross holdings
• GE picks HCL to set up development centres
• Volkswagen to set up manufacturing plant in Maharashtra
• OVL inks pact to operate two Cuban blocks
• Ranbaxy obtains USFDA approval for diarrhoea drug
• TRAI may review roaming tariffs
• DoT to change norms for issuing fresh licences
• TV18 brings all channels under CNBC Universe
• Diageo to introduce low priced Scotch in India
• Acer gets FIPB approval to market IT hardware in India

• South Africa targets trebling trade with India by 2010
• IT sector exports likely to surge: STPI Director
• Short-term external debt up $1 billion

• Rupee declines against dollar
• HSBC to use card venture to extend `merchant loans'
• ING Vysya Bank offloads stake in Bharat Overseas Bank

• Gold slips as traders book profits
• AAI likely to raise Rs4,000-cr for modernisation
• Nava Bharat Ventures fixes FCCB conversion price
• Tata Sons ups stake in VSNL
• Aditya Birla Nuvo to raise Rs780-cr through rights issue
• Baring Asia raises $490-m PE fund
• Sangam shareholders approve merger
• India Inc may head for Dubai
• BSE broker suspended

• Coca-Cola restarts operations in Afghanistan
• US auto sales fall