Market Roundup

COMPANIES

• Hyundai plans R&D centre in Chennai
• Grasim introduces new fabrics
• Videocon may sign MoU to takeover Daewoo by month-end
• NIIT starts management courses
• Patel Engg acquires Mumbai-based engg co
• Aurobindo gets FDA nod for Citalopram
• ONGC may tie up with Petrobras
• Duncans Industries steps into BIFR fold
• Toyota Kirloskar Auto Parts to break-even in two-three years
• Dish TV targets 4mn subscribers by 2009
• Reliance Comm plans global footprint

• Maharashtra imposes stock limits on essential items
• Large FDI expected from US, Japan
• Jobs outlook turns buoyant
• July industrial growth rises to 12.4 pc

• IDBI to takeover United Western Bank
• Rupee firms up against dollar
• Union Bank to speed up processing of outstation cheques
• YES Bank to raise $150mn
• Thane Janata Sahakari Bank to acquire three co-op banks

• DSP Merrill proposes gold fund
• MCX to set up commodity bourse overseas
• Huge redemptions at Lotus Asset Management
• ICICI Venture plans four specialised funds
• New scheme from UTI Mutual Fund

• Ford to announce massive restructuring initiative
• HP chairman may step down

• New banking ombudsman appointed
• Xansa India appoints new HR Director
• Deepak Patel is new COO at MphasiS BFL