Market Roundup

• LN. Mittal to acquire stake in HPCL's Bhatinda project
• HLL sales growth down in Q4; margins rise
• HLL changes name to Hindustan Unilever
• Dabur Foods to invest Rs100-cr over 3 yrs
• ICI to sell refinish biz to Asian PPG
• Aurobindo gets approval for Lisinopril from SA
• GE, Air India sign agreement for eco-friendly engines
• India Inc's salary payout rises by 40 pc

• Govt fights price rise by releasing wheat in open market
• Wal-Mart, Reliance to face retailers' body in Maharashtra
• Sick cos can be taken to court to recover dues: HC
• France relaxes visa norms to attract youth

• Rupee slips
• TN bonds downgraded by Crisil
• Bank strike plan dropped
• ICICI Bank, Sarovar Hotels' tie up to offer co-branded card
  

• Ranbaxy plans ADS offering to finance Merck arm acquisition
• Essar Shipping delisting floor price set at Rs31.62
• Reliance Ind m-cap at Rs2-lakh-cr
• Sebi imposes Rs1-cr fine on DLF Commercial Developers
• Easier market access on anvil for NRIs, foreigners
• Pyramid Saimira to raise $100mn from overseas markets
• Gold rises in line with global trend

• Warner Music makes fresh bid for EMI
• Armani up for sale
• Venezuela to offer discounted fuel for London's buses

• Mehta appointed new chairman of ICAI branch
• Nayak's tenure extended at UTI bank