Market Roundup

COMPANIES

• GM may set up engine manufacturing facility in India
• Rel Energy bags contract to build Rs2000 crore pvt power grid
• SAIL to invest Rs5000 crore to increase production
• Reliance Retail in alliance talks with Sanyo
• Birla Sun Life, Idea Cellular plan strategic alliance
• Idea to enter Mumbai, Bihar circles by early 2007
• Kingfisher in $500 million deal with Pratt and Whitney
• TataSky, Sun told to iron out differences

• Indo-China trade to double by 2010
• Easier for Chinese nationals to get visas to India
• Australia says unable to supply LNG to India
• Govt invites bids for extending telecom to rural areas
• Peru, India to sign bilateral pact
• Crude oil prices move above $59/billion
• US says India should open up for global trade
  

• ICICI Bank to raise $1billion syndicated loan
• Union Bank, IL&FS in strategic alliance
• Price stability to be focus of RBI
• Yes Bank gets shareholders nod for raising capital
• PSU banks on marathon ATM drive at stations

• Sebi asks depositories, DPs to pay Rs115 crore
• SET to list by March '07
• Foreign SEs can acquire up to 26 per cent stake in BSE
• Derivatives terminals to start again
• Info Edge subscribed 54.77 times
• Ishaan RE raises 180 million pounds through London float
• Infosys prices ADS at $53.50
• Gulshan Sugars to float FPO to fund expansion
• Aditya Birla Nuvo to come out with rights issue

• Nasdaq intensifies takeover bid on London Exchange
• Chinese form alliance to assemble Airbus A320 jets
• Ogilvy & Mather splits into two

• Exodus at top levels of Infy BPO