Market Roundup

COMPANIES

• Patni Brothers to sell 20 per cent stake in company
• Sugar mills may not have to pay excise for three years
• NTPC to the rescue of Dabhol power plant
• Wipro to merge subsidiaries with itself
• AI to raise $1.5 bn to part-fund aircraft acquisitions
• RBI's stand on Essar share pledge rejected by government
• TV18 floats entertainment, events space division
• ONGC makes five gas finds
• Sterlite Optical obtains fibre patent in the US
• MRPL records huge sales in May
• Mangalam Cement no longer sick company
• Volkswagen to make 1,10,000 units every year at Pune plant
• Wadias' approval required for Danone's dairy foray
• SKF to set up in greenfield project with Rs270 crore investment
• Reliance to redevelop Kolkata's Park Circus municipal market
• Tata Motors slashes car production by 20 per cent

• G8 leaders agree to reduce emissions by 50 per cent by 2050
• World Bank says India's GDP to slow down
• Kandla SEZ runs into trouble
• India to purchase 5 mn tonnes of wheat: Pawar

• Shareholders ask Vodafone to free-up $75bn
• RBI to issue guidelines soon for foreign investment in commodity bourses

• Rupee weakens marginally
• SBI to raises Rs2,500 funds through tier-II bonds
• Foreign investors buy 16.47 per cent stake in TMB
• Reliance Mutual launches natural resources fund

• US Senate stalls immigration bill
• Dow Jones gets more bidders

• AstraZeneca appoints Bhaskar Iyer as VP SE Asia, India
• Rawal takes over as ED of Canara Bank