Weekly Roundup

COMPANIES

• ITC to invest Rs1540-cr in paper biz over two years
• ITC ties up with Marubeni for food biz
• BSNL-MTNL to set up India-S'pore submarine cable
• TDSAT issues notices to Trai, BSNL on roaming charges
• Taj GVK Hotels announces Rs100-cr revamp of Taj Deccan
• Alcatel-Lucent announce big India investment plans
• HCL to expand capacity
• Paras to invest Rs400-cr in healthcare
• Nasscom ties up with Canadian co for net connectivity in villages

• Maharashtra gets clearance for largest number of SEZs in 2006
• Tamil Nadu to join VAT regime on Jan 1
• Ficci wants tax sops for biotech cos

• Indian Bank looks to raise Rs900-cr via IPO
• Banks ask RBI for more clarity on takeout financing

• NSE orders brokers to deposit margin money in advance
• Citigroup to start a $5bn infra fund

• China to liberalize property and tax laws
• Rosneft adds 862 million barrels of new oil reserves in 2006
• Japan says economy recovering