Market Roundup

COMPANIES

• Granules India to form JV with Chinese co
• GSPC to sell 30 per cent stake in gas block
• BSNL says Motorola, ZTE disqualified on technical grounds
• BHEL bags Rs950-cr order in M.P.
• Reliance largest in M-cap
• REL mulls foray into nuclear power
• ITDC becomes profitable again
• Geometric, US firm ink $32mn merger pact
• Otis bags largest ever contracts in India

• Crude prices hover around $57bl
• Ministry projects 26 pc increase in crude output
• US wants India to clear Guardian subsidiary plan
• The GVK-SA to invest Rs5200 crore in Mumbai airport
• PM invites European countries to invest in infrastructure
  

• Rupee gains against dollar
• Sarawsat Bank to acquire Mandvi Co-op Bank
• RBI recommends rolling all price indices into one
• Andhra Bank increases deposit rates

• Cairn IPO may be biggest ever
• IFC acquires stake in Suguna Poultry for $11mn
• Sebi grants approval to Dawnay Day for AMC
• Angel Broking plans private placement, IPO
• IL&FS Transport consolidates stake in Noida Toll Bridge
• Providence picks up 16 per cent stake in Idea

• Siemens to merge service, software units to cut costs
• France, Germany to solve Airbus crisis on equal terms

• Subir Raha elected AIMA President
• Rajat Mehta resigns as CFO of JP Morgan's BPO arm