Market Roundup

COMPANIES

• Vodafone starts due diligence of Hutch
• Nagarjuna Construction gets two new orders
• BHEL gets Rs380-crore contract
• United Spirits not to raise offer price for Whyte & Mackay
• Jindal Steel's Bolivian plan may be delayed
• OVL may enter into JV with Venezuelan company
• GM to launch SRV variants
• Essar may set up $2-billion refinery in Iran
• Honda plans Rs2,000-crore second plant in Rajasthan
• Ranbaxy to bid for $2.3-billion Merck arm

• PM hints at removing tax exemptions
• Incentives given to SMEs

• Rupee declines
• Andhra Bank looks for partner for life insurance
• ICICI Pru Life to increase capital base
• Bharti, AXA sign agreement for general insurance
• RBI eases project, service exports norms
• Banks want RBI approval for short selling government securities

• Kotak Realty to raise $350 million through second fund
• Fidelity gets capital gains tax shock
• Rel Comm plans $1.2 bn GDR
• Spentex decides on 9:10 share ratio for Indo Rama acquisition
• Big MF investments fall for lack of MIN
• House of Pearl IPO fixed in price band of Rs525-600

• Aston Martin on strong footing: Ford
• Russia shuts down pipeline to West
• China Life Insurance Co soars on debut

• P S Pai joins LifeCell
• Geojit Financial MD wins award