Market Roundup

COMPANIES

• Govt to exit Maruti
• Volvo to shift Europe truck manufacturing to India
• Essar Oilfields acquires rig for $220mn
• BHEL gets Rs165-cr order from IOC
• ABB to acquire Raman Boards
• Vodafone to decide on Hutch buyout soon
• Reliance Life to spend $63.2mn to acquire stake in GeneMedix
• Arcelor-Mittal signs 12MT plant deal with Orissa government
• Moser Baer forays into home entertainment
• Ansals to set up Greater Noida II township
• Telecom firms can employ expat CEOs

• Commerce ministry presses for continued tax sops for SEZs
• WB to set up foundry park on land acquired in Howrah

• Rupee gains
• HDFC Bank hikes prime lending rate to 13.5 pc
• Central Bank to distribute Tata Mutual's products
• IDBI, LIC sign co-finance pact to fund infrastructure projects
• Three banks tie up for life insurance venture
• Margadarsi probe ordered
• ICICI Bank to borrow $1bn yen from overseas banks

• Gammon India, four others barred from trading
• Kotak Securities penalized
• Great Offshore lists at Rs702
• R.S. Software rights issue oversubscribed 1.07 times
• United Spirits to raise $65mn
• Indiabulls property arm worth Rs15,125-cr
• Stock Holding Corp to set up institute

• Qualcomm lowers profit forecast
• Ford to slip to No 3 in US