Market roundup

COMPANIES

• Godrej Sara Lee acquires Indian business of Sara Lee
• Airlines set to hike fares
• Nokia Siemens plans $100mn investment in India
• Welspun-Gujarat to set up manufacturing unit in US
• Hindalco enters into coal mining joint venture
• Mahindra reports 52 per cent rise in June vehicle sales
• Accentia Tech to acquire two US firms
• Steel companies cut flat product prices by up to Rs1000/tn
• Dabhol project to obtain gas from Dahej
• Dow Chem ties up with Gujarat Alkalies

• Exports slow down; trade deficit rises
• Inequality on rise, despite drop in poverty in Asia: UN
• India close to bottom in prosperity: survey
• Trade Unions in IT not desirable: Infosys CEO

• BEML public offer subscribed more than 3 times
• Lanco Global receives open offer for 20 pc stake
• HDIL initial public offer fully subscribed
• Subhash Projects to raise Rs250 crore
• Gemini to raise 15mn euros through FCCBs
• NCL Industries to raise $20mn via FCCBs
• Deccan to allot over 3.52-cr shares to Kingfisher Radio
• UTI MF to float public issue by the end of FY08

• Re gains
• Centurion Bank to raise capital
• Corp Bank sells stake in NSE for $6.63 million
• LIC not guaranteed position on Maruti board
• ABN Amro India reports 59 per cent rise in FY07 net

• Citigroup's UK headquarters sold for $2bn
• Och-Ziff Capital hedge fund to float IPO
• Oil rises above $70

• D-Link appoints Jangoo Dalal as new chief executive
• Yogesh Agrawal is new CMD of IDBI