Market Roundup

COMPANIES

• Vodafone jumps into fray for Hutchison Essar stake
• GM launches Chevrolet U-VA hatchback
• Tata Steel wins EU approval for Corus acquisition
• M&M to acquire German forgings co
• Porsche to launch new Cayenne in India

• Differential tariffs not on, says TDSAT
• Power tariffs to fall after tribunal order
• Centre to make massive investment in shipping sector
• Inflation higher as food prices rise

• Rupee gains
• Forex reserves up by $75mn
• Swiss Re completes Yes Bank deal
• Allahabad Bank`s five party non-life JV to start by May `07
• Bank of Maharashtra in insurance foray

• FDI of upto 49 pc allowed in stock exchanges
• Actis to offload stake in Punjab Tractors
• Ban may not affect Gammon IPO
• SEBI imposes penalty on HSBC Investment Bank
• Omaxe files prospectus with SEBI for IPO
• Sebi makes PAN mandatory for demat accounts

• US spending, incomes rise in November
• Google more popular than Yahoo

• Aijaz Ali appointed president Green Park Hotels
• Ashok Goel to head Phillips Carbon