Market Roundup

COMPANIES

• Havells India to raise $150mn for overseas buys
• Carzonrent makes nationwide expansion plans
• KG basin gas may be priced at $4.50/mBtu
• Bharti to invest $7bn in retail
• Indian Airlines to hedge fuel costs
• Balrampur Chini to increase borrowing
• L&T may be awarded civil contract for Bangalore airport
• Videocon seeks 13 pc discount on agreed price for Daewoo buy
• Essar makes surprise offer for Hutch

• CII expands global presence
• Govt may allow FDI in sector-specific retail trade, mineral prospecting

• Rupee gains
• State Bank hikes PLR by 50 bps to 11.5 pc
• HSBC has more than 20 lakh credit card holders
• Banks react against RBI's draft on derivatives
• Allahabad Bank to expand retail credit portfolio

• FMC approval for two brokers to set up overseas subsidiaries
• Claris Life raises $25mn thru ECB
• Pentamedia, others barred from accessing markets
• NCL Ind to issue pref shares to First Carlyle
• HSBC MF to launch new global offering
• Cairn faces allotment problems
• Deccan Aviation raises Rs29-cr
• Ray Ban asked by SC to make open offer

• China puts restrictions on investments in auto industry
• Saddam Hussein to hang within 30-days

• Supriya Banerji to head CII's international division
• Hitachi Data gets new Director