Market Roundup

COMPANIES

• Century Mills set to close Mumbai operations
• RIL to invest $5.2bn for doubling KG basin output
• Three-year-old airlines allowed to offer international flights
• Britannia to acquire company in Middle East
• Raymond unit forms joint venture with U.S. firm
• Glenmark to start trials of pain killer in Europe
• OVL talks to Shell for stake sale

• Appropriate time to lift ban on sugar exports: Pawar
• BPO employees within rights to form unions: ILO
• World Bank says global economic slump may be imminent

• Rupee slightly higher
• ICICI Bank raises lending, deposit rates
• Bharti to partner with AXA for life insurance foray
• Private equity investments double in 2006: PwC
• YES Bank offers scheme for seniors
• More direct debt funding from Japan bank
• Allbank-PNB JV plan halted

• Heidelberg gets reprieve from SAT
• Hindustan Lever de-lists from RSEs
• Sical Logistics to raise $50mn
• Zee's demerged shares to start trading from Dec 18

• Qantas agrees to sweetened buyout offer
• OPEC may not cut oil output
• Merck gets victory on Vioxx

• ACC appoints Sumit Banerjee as new CEO
• Dr Anji Reddy gets award