Market Roundup

COMPANIES

• NTPC awards hydro project to L&T led venture
• 700 VSNL staff avail of VRS offer
• Alliance Merieux to make Hyderabad global hub
• Dr Reddy's signs agreement with Torrent Pharma
• BRPL board approves merger with IOC
• Volkswagen to invest Rs2,400-cr in India
• Praj Ind signs contract with CropEnergies AG subsidiary
• BSNL is biggest ISP with 43 pc market share
• RComm launches stock market game
• Google begins online sales and operations in Gurgaon
• Hyundai moves MRTPC against Maruti
• TCS gets $65mn deal from Somerfield, UK
• Metro Cash & Carry to expand operations across country
• Sun, TataSky fail to come to pricing agreement

• Petrol, diesel prices cut
• Investment curbs limit India: US
• More services may be brought under tax net
• Assocham wants peak customs duty cut

• Rupee unchanged
• SIB ties up with Citi to launch co branded credit card
• ING Vysya promoters to infuse Rs840-cr of fresh equity by 2009
• Fitch not to provide ratings to 10 Indian banks
• Birla Sun changes load structure in index fund
• Scotia Bank of Canada plans expansion
• Kotak Bank looks to expanding in Japan, Middle East

• Cairn Energy IPO to open December 11
• Unitech plans to list on LSE; expected to raise £360mn
• Assam Company raises Rs214-cr through FCCBs
• AIA Engg to raise Rs125-cr
• Punishment, jail likely for fictitious, multiple public issue applicants
• Torrent Power recommends 12 pc dividend
• Jindal Saw recommends 5 per cent dividend
• Reliance Capital to pay Rs2.5 per unit dividend in liquid fund

• Chinese firm picks majority stake in Indonesian oil block
• 38,000 Ford Motors' workers agree to leave

• PRS Oberoi conferred Lifetime Achievement Award
• DSP Merrill Lynch MD,Amit Chandra, resigns
• Soren's resignation accepted by President APJ Kalam