Market Roundup

COMPANIES

• Tatas to float $2bn bond for Corus acquisition
• Petronet stake may be sold to Qatar
• Drug policy may be delayed as cos oppose cost-based pricing
• BHEL bags contract to set up power lines
• Ashok Leyland plans bus assembly unit in UAE
• Kirloskar Bros sets aside Rs250-300-cr for acquisitions
• Tetley acquires 33 pc stake in African tea
• DVC comes under regulated power tariff regime
• M&M launches new tractor: commits Rs400-cr in tractor biz over two years
• Carborundum may seek SEZ status for new plant
• Sabeer Bhatia relaunches travel site arzoo.com
• Tata Sky to invest Rs3000-cr: targets a million subscribers
• Fiat Auto sales rise by 140 pc

• BPO sector defends itself: says fraud cases negligible
• Cabinet gives go ahead for six-laning of 6,500 km of NH
• PM pitches in for an open legal sector
• 6th Pay Commission constituted
  

• Rupee higher against dollar
• BoB to form JV for insurance foray, will offer wealth mgmt services
• MetLife India to expand operations in India

• Mahindra Gesco completes QIP
• Sankhya Info plans buyback
• IFC mulls $45mn equity investment in Cairn India
• Hedge funds want legitimate entry into India

• US economy seen slowing down
• Nissan & Renault seen looking at Ford after GM disinterest