Market Roundup

• Steel companies reduce prices by Rs500
• Cement manufacturers not to cut prices
• Government not to enforce cement price control
• Reliance Wind Energy ties up with Suzlon for wind power project
• NTPC board approves foray into nuclear power
• Delay in 3G-spectrum policy creating uncertainty: CDG
• Hinduja TMT arm demerger approved by Bombay High Court
• Four companies submit bids for Punjab Tractors
• Strides AIDS drug gets approved by US FDA
• Moser Baer to invest $250 million for setting up solar fab

• Indian crude basket increases to $60.27 a barrel
• Airport charges to be hiked during peak hours in Delhi, Mumbai, Bangalore
• Government considering bonus over wheat MSP
• Effective tax rates low in India: Chidambaram
• 11 SEZs approved in Kerala
• US civillian nuclear team arrives in India

• Rupee declines 30 paise
• City Union Bank gears up for second round of funding
• Canara Bank to raise $100 million via bonds in March
  

• Cognizant lists on Nasdaq
• Fidelity hikes stake in House of Pearl
• Citigroup hikes stake in Ansal to over 5 per cent
• ABN Amro launches sustainable development fund
• Gremach Infrastructure plans IPO

• Research In Motion to restate results
• BBC in tie-up with Google's YouTube for Internet broadcast
• China's exports to grow at 23 per cent; Deutsche Bank

• Patni Computer Sanjay Savla as senior VP