Market Roundup

COMPANIES

• Nine companies join to build Orissa rail link
• Shree Renuka gets nod for SEZ in Karnataka
• RIL to start producing oil off Andhra coast in 2008
• Infosys Q2 net up 51 pc: guidance up for Q3
• iGATE Global Q2 net up 80 per cent
• M&M enters Iran
• Cubex Tubings receives orders worth Rs9.5 crore
• Madura Garments to launch branded footwear
• HMSI to expand production capacity; invest Rs400 crore
• BSEL Infrastructure ties up with Unity Infraprojects
• I-flex Solutions in collaboration tie up with IBM, Oracle
• Welspun signs agreement with Orissa for Rs6,103-cr steel plant
• BSNL cuts rental for One India plan

• Orissa demands cess on exported power
• Andhra Pradesh may tax IT exports
  

• Rupee strengthens
• Barclays acquires 4.7 pc stake in IDFC
• HSBC offers new money transfer scheme
• BoM to raise Rs300-cr through bonds
• SBI plans commercial branch in Bahrain
• PNB achieves biz of Rs2,13,000-cr in H1
• Union Bank to raise Rs1,400-cr

• Infosys to offer 30mn shares via ADS
• Reliance Petro to raise $2bn loan from 14 banks
• Varun Shipping to raise Rs2,500-cr from overseas markets
• Mahindra Gesco allots 60 lakh shares
• Zenith Birla to float public offer
• Tata Teleservices to fix rights ratio on Oct 13

• China's trade surplus beats forcasts
• Saudi Arabia opens up insurance market

• SBI appoints Yogesh Agarwal as MD
• Fortune's Global Power 50 list includes three Indian women managers