Market Roundup

COMPANIES

• Welspun Gujarat to form JV with TMK of Russia
• Tatas to launch passenger transport vehicle in early 2007
• OMCs begin to profit on petrol sales
• Satyam establishes global R&D hub in Singapore
• NIIT bags large deal in partnership with Singapore co
• Essar pledges part of Hutch holding to raise $530mn
• Tata may acquire Corus
• UTV to expand in overseas markets
• Living Media to launch dozen new publications

• Karnataka bandh; estimated losses at Rs2,000-cr
• IIP Aug growth drops to 5.5 per cent y-o-y
• Govt to consult states on reservation issue
• Infrastructure growth rate at 6.7 per cent
• India performs worst on transparency
  

• Rupee flat against dollar
• RBI says passbook facility a must for SB account-holders
• No concessional finance for SEZs: Montek
• HSBC to hike home loan rates
• J&K Bank applies to RBI for FII stake hike

• AP Paper gets approval to raise $50mn
• DBS Chola offers FMP
• MF AUMs fall in September
• FIIs net sellers of Rs294-cr on Tue
• NYSE may acquire 26 pc stake in BSE
• Providence Equity may acquire 25 pc stake in Idea

• Criminal charges filed against Dunn, others in HP "Pretext" case
• Micosoft hardens anti-piracy stand