Market roundup

COMPANIES

• Vizag Steel - NTPC joint venture to set up 150 MW power project
• Moser Baer Photo Voltaic in $880 million sourcing deal with Norway's REC Group
• American Megatrends targets 10 per cent of storage solutions market
• ICRA extends agreement with Credit Rating Agency of Bangladesh
  

• Chidambaram asked to restore Saral forms to simplify filing tax returns
• ADB proposes dollar-rupee swap for infrastructure funding
• US voices misgivings on WTO's new draft on global trade
• Inflation rate inches up to 4.41 per cent
• Indian CEO salaries trail those of their BRIC counterparts: Hay Group

• Markets plunge deep in the red

• Degussa to build polymerisation and compounding plant in Shanghai
• SNC-Lavalin acquires pharma engineering firm Pipecon
• Xerox Joins US Climate Action Partnership
• Sojitz Receives to build ammonia plant for Pakistan's Fatima Fertilizer
• PPG Aerospace, Altairnano developing chromate-free aircraft primer
• Edison, Depa to develop Turkey-Greece-Italy natural gas transit corridor
• Microsoft acquires online ad exchange AdECN
• Owens Corning to acquire Saint-Gobain's reinforcement, composites business
• Merck to acquire NovaCardia for $350 million
• Russia to deploy S-400 air defence systems around Moscow in August
• Sanyo to divest Telecom Sanyo: Nikkei
• BAE Systems to develop seeker for multiple kill vehicle for missile defence