Market Roundup

COMPANIES

• Bharti net profits hit billion dollar mark
• Govt`s to divest residual MUL stake by mid-May
• ONGC in talks for stake in Royal Shell's Egyptian block
• GSK Q1 net up 10 pc
• Hutch deal clears FIPB test
• Cairn India records net profit of Rs37.6-cr
• PTC`s net down 17 pc
• Marico PAT up marginally at Rs27.5-cr
• Ranbaxy gets nod for Ambien
• SAIL to set up SEZ in Salem, Rashtriya Ispat chooses Vizag
• Crisil net down 6 pc

• VC investment in the country at $700mn for FY07, matches China, UK
• Deora meets Iranian president on LNG project
• IIMs' admission lists out
• Govt may review export tax on iron ore
• Inflation stays at 6.09 pc

• PAN No to be sole ID from July 2
• AIG to invest $10 m in maiden fund
• GSS America to float public issue
• Binani Cements plans public issue
• Brokers may get tax relief

• SBI delivers bad news on real estate bad loans
• MetLife's premiums in first year rise 141 pc
• Forex reserves rise $789 m to touch $203-bn

• Microsoft shares rise smartly as Q3 earnings go up 65 per cent
• Stagflation rears its head in US
• Statoil ASA picks up Canadian oilsands firm for $2.2bn

• Madan Menon to head India unit of Royal Bank of Scotland