Market roundup

• GMR group wins bid to implement Holi Bajoli hydro electric project
• Simplex Infra gets into oil drilling
• RCoM ties up with Taiwanese co for handsets manufacture
• IT industry to withstand rupee appreciation challenge: Infosys CEO
• Tata looks at merging TCS arms
• Eli Lilly divests Distaclor antibiotic to Pharmalink
• Tata Steel puts Corus' aluminium business on the block
• RCom ties up with Bangladesh telecom firm for global roaming

GENERAL

MARKETS

• Rupee gains
• Government acquires RBI's stake in SBI
• Forex reserves increase by $1.53 bn
• Fiscal deficit falls in April-May
• RBI may allow individuals to hedge dollar spending
• Irda lays down floor rates for rural insurance

INTERNATIONAL

• Kesoram to hold reins of Kesoram for the present
• Finance ministry against Govt nominees in PSBs' panel