Market roundup

COMPANIES

• Matsushita Electric to buy additional 17.26-per cent in Panasonic AVC Networks
  
• RIL all set to become India`s first $100 billion M-cap company, says Morgan Stanley
  
• BMW India rolls out 5 series sedan
  
• VSNL launches next generation dedicated global Ethernet service in Australia
  

• India's manufacturing activity at a 28-month low, says ABN Amro
• New FDI policy may drop disinvestment obligation on foreign firms
• India's trade deficit widens to $7.3 billion in June
• Blast at Scaled Composites' spaceport could be a setback for space tourism
• Emirates A-380s not to crowd Indians
  
• World air traffic growth slows down in first half of 2007
  

• Arcelor Mittal Q2 profit up 50 per cent at $2.7 billion
• Global cues pull down Sensex, Nifty
• Cost increase squeezes Tube Investments' profits
  
• TVS Electronics increases revenue and profit
  
• VSNL announces Q1 results
  
• Reliance Communications announces Q1 results

• Vijaya Bank to exit life insurance venture: The Hindu Business Line
• Lloyds Bank to sell Abbey Life to Deutsche Bank for £977 million

• BAE acquires US armaments maker Armor Holdings
• The great plane robbery: BA fined £121.5 million for price-fixing
• Dana Corp gets $750 million capital infusion after court clears deal with unions
• Goldman lead finances $62 million for digital marketer iCrossing
  
• Flush with Goldman's funds, iCrossing acquires Proxicom
  
• Pacific Aerospace delivers its 600th plane
  
• Dubai Aerospace Enterprise: A primer
  
• Granger High School students build a four-seater plane
  
• Explosion at world's first private spaceport by Northrop
  
• Luton airport abandons expansion plans
  
• UAV: The clean, mean war machine
• Murdoch bags Dow Jones
  
• Northrop gets $2.35 billion for weather satellite contract changes
  
• OECD - Brazil pact to end aircraft export subsidies