Market roundup

COMPANIES

• Canadian steel maker gets shareholders' approval for sale to Essar Steel
• ESPN acquires Cricinfo.com
• L&T Infotech to expand with Rs600 cr investment
• Ispat Group to invest $3 bn in Bangladesh
• Strides Arcolab acquires Grandix for Rs100 cr
• Hero Motors to get into auto component business for four-wheelers
• Reliance to make presentation before ministry on K-G gas price formula
• Japanese company selects Hexaware
• BSNL's market share dives
• Satyam enters into pact with US co for retail, supply-chain solutions
• Tata-Changi bids for development of Karnataka airports
• Patni Computer partners with UK company

• Department of posts slashes Speed Post tariffs
• Railways to hike freight charges
• India's April industrial output up 7.4 per cent
• Government to review petrol, diesel prices in mid-July

• SEBI panel to look into share transfer hitches
• DLF issue receives 78 per cent subscriptions on day one
• Shriram EPC to float IPO
• Lazard to float MF

• Rupee gains on FII inflows
• Canara Bank rejigs home loan rates

• Toyota Motor becomes world's largest automaker
• NYSE makes changes for its brokers
• Philip Morris receives setback on SC ruling

• Firdose Vandrevala resigns from Motorola
• Graham Ford rejects Indian coaching offer
• New CMD for Oriental Bank