Market Roundup

COMPANIES

• Reliance Communications readies funds for Hutch-Essar bid
• ACC to invest Rs1,480-cr for increase in capacity
• Subex to raise $200mn for buy-outs
• Wipro gets order from ITV
• Gujarat Ambuja gets go ahead for Rs1,519-cr capex plan
• Unichem Lab to set up facility in Ireland
• Infosys plans to set up facilities in Jaipur

• Orissa approves Posco's ore mine plans
• German business team to visit India in March
• India invites Japanese companies to invest in India
• India to surpass China in 2007 growth: Credit Suisse

• Rupee declines
• No TDS to be levied on sale deals: CBDT
• StanChart to acquire UTI Sec holding in PD venture
• Forex reserves fall by $45mn

• Akruti looks at collecting Rs500-cr through IPO
• Cairn IPO just about makes it
• Financial Tech raises $100 mn from overseas
• IDBI signs agreement with IFCI
• QIB placement approved at Development Credit Bank EGM
• UTI MF launches closed-ended scheme
• Nikko, Ambit to set up AMC
• Franklin Templeton announces 40 pc dividend for growth fund
• Nymex in talks to acquire 9 pc holding in MCX

• Oil climbs above $63 a barrel

• Erickson appoints Joshi as chairman
• AstraZeneca India gets new VP
• Mukul Gupta is CEO of Birla Sun Life