Market Roundup

• Honda Motorcycle to focus on exports
• DaimlerChrysler targets sales of 2,000 cars this fiscal
• SC rejects Whirlpool's sales tax exemption plea
• TCS plans to hike billing; hire more
• CSN bankers pick up 11 pc stake in Corus
• Essar's refinery starts operations
• RelCom offers free STD at night
• TRAI wants operators to cut tariffs on mobile roaming services
• Foreign cos join in bidding to supply to Delhi Metro
• NTPC to spend Rs6,000-cr to develop coal block
• 3G spectrum allocated to 7 telcos for trials
• Assam Co raises $46 mn
• Sundram Fasteners to pay 85 pc interim dividend
• SAB Miller to expand capacity
• Zydus files IND application for obesity drug

• Diesel sales tax cut to 28 pc in Maharashtra
• IT exports could touch $60 bn by 2010: Nasscom
• Govt looking at hiking FDI in aviation to 74 pc
• Mobile phone services to be extended to 2.5 lakh remote villages
• SEZ tax sops to incur more than Rs1 lakh cr cost in 4-yr period
• Inflation falls marginally to 5.29 pc
  

• Rupee unchanged
• IDBI Capital signs e-trading tie up with Bank of Rajasthan
• Forex reserves rise by $2bn
• UTI AMC ties up with Japan's Shinsei Bank to launch India-specific fund
• Max Life to get into microinsurance
• HDFC Bank can set up new branches
• Dena Bank to distribute ING MF products

• Commodity exchanges' turnover down
• Jupiter Bio to raise Rs95 cr

• Aussie PM says no reason for Qantas to break up
• Carlyle group to bid for Taiwanese firm