Market Roundup

COMPANIES

• Tata Tea buys 25.74 pc stake in Mt Everest
• Sail signs JV with two companies for Chhattisgarh unit
• DLF Fortis enter into JV
• Tata Tea FY07 net Rs443cr, Q4 net falls 80 pc
• Car sales slow down in May
• RCom scraps roaming, PSUs follow with cuts
• DLF lines up Rs5,000 cr investment plan in AP over five years
• Sterling plans Rs400 cr investment for expansion

• FDI may be allowed in multi brand retailing
• Inflation comes down to 5.06 pc
• UP government cancels sugar policy
• Govt to encourage imports to control price rise
• Exports up 23 pc to $10.6bn in April 07

• CNX100 and Nifty Junior join F&O
• Gujarat NRE Coke's Australian business to float IPO

• Rupee gains
• RBI makes changes in reporting system for overseas direct investment
• Forex reserves up $952 mn
• UTI Bank to raise capital
• Punjab & Sind net profit more than doubles

• Bancroft family to meet Murdoch
• US car sales rebound in May

• Sharad Pawar out of the ICC top job race
• Shareholders approve appointment of Nayak as UTI Bank executive chairman
• Mohit Batra joins Motilal Oswal