Weekly Roundup

COMPANIES

• M&M to set up design facility near Mumbai
• Mother Dairy brand to be strengthened
• ONGC to launch new exploration strategy
• MTNL bids for telecom services in Kenya

• Norms eased for NRI's to obtain Pan cards
• Waterways to help decongest Mumbai, Kochi
• CII lays emphasis on trade with EU
• Steel use to go up by 10 pc in 2006: IISI
  

• Reliance to get into credit card biz
• Reserve Bank may ease SEZ lending norms
• ICICI, Grameen seek NBFC status
• IRDA nod may be required for new LIC branches
• SBI reduces bulk deposit rates by 25bps
• ADB to loan $100mn to India

• Gold set to soar
• IID Forgings shareholders approve bonus
• Matrix move to give 10% more to Mylan

• OPEC may curtail output to shore up oil prices
• UN Council imposes sanctions on N Korea
• Areva ties up with Mitsubishi

• Mukesh Ambani tops India's richest list
• Skoda India may get new MD