Market roundup

COMPANIES

• Infosys bags Philips contract and three of its back-office units
• Arcelor Mittal to set up two 10-million-tonne steel plants in Orissa, Jharkhand
• GAIL signs JV pact with ONGC; eyes trans-Saharan pipeline project
  
• Air India Express will fly domestic routes too
  
• Kidnapped Satyam GM rescued
  
• AI-IA stuck with planes no one wants to lease
  
• L&T to spin off defence division; make submarines for Navy?
  
• Tatas, UB to have rooftop helipads
• Nicholas Piramal's new drug IND-P276 approved by US FDA
• IBM Completes Acquisition of Watchfire
• Qatar Airways will fly to Nagpur, Ahmedabad next year
  

• RBI panel proposes bank-sponsored moneylenders
  
• Credit-deposit ratio of banks up at 75 per cent
• Innovation needed to drive additional revenues for Indian IT-ITeS: Nasscom-BCG
• WTO negotiators hope to break "deadlock" over farm talks
• Reliance Capital net vaults over 3-fold to Rs302.43 crore in Q1 2007-08
• CCPA approves text of Indo-US nuclear deal
• Are cement companies fixing prices?
• Government to allow use of old machinery in SEZs

• IDFC, IIFCL sign MoU on debt syndication for infrastructure projects
• ICICI, HDFC loan disbursals down in April-June 2007-08

• IDFC, FTSE create New India Infrastructure Index Series
• Market ends in red

• American Tower in tie-up talks with Indian telecom firms
• HP acquires Opsware, Neoware
  
• Teleflex makes $2B Arrow buy
• China blocks US, Mexican requests for WTO panel on subsidies
  
• Auto exports power Japan's trade surplus
  
• Friends Provident finds Resolution in merger talks
• Bain buys American Standard's bath and kitchenware division
• A new 24-hour store: Fujitsu's new 200 GB 2.5-inch 24x7 hard disk drive
• TomTom bids for Tele Atlas, gets on the map
• $10 from KL to London: Air Asia X looks at India too
• Boston Scientific considers divesting fluid management business
• Toyota to test drive plug-in hybrid Pirus in US campuses

• Vicky Bindra appointed president and CEO, GE Commercial Finance India