Market Roundup

COMPANIES

• Havell's acquires Sylvania's lighting biz for $300 million
• Reliance ends drilling pact with Aban
• Ranbaxy bids for Merck's generic business
• Pfizer may take legal action against Ranbaxy
• Dabur plans 350-store retail health chain
• Stay order on board meetings of Bajaj Sevashram, Jamnalal Sons
• Volvo selects Karnataka to set up bus manufacturing unit

• Maran criticizes SEZ freeze
• India rejects WTO proposal to end Doha talks
• Bangalore's International airport to start operating in April 2008

• Rupee tad firmer
• UTI Bank to raise $754 million debt for acquisitions
• Maruti to tie up with UTI Bank for car loans
• UTI Bank, IIFCL to co-finance infrastructure projects

• Coal India may float IPO this year
• Geojit Securities renamed Geojit BNP Paribas Financial services

• Hyundai Motor Co to make 300,000 hybrid cars a year
• China's trade surplus at record high
• Malaysia awarded world's best airport award for 2006

• YV Reddy appointed chairman of the BIS Asian Consultative Council