Indian Market Roundup on May 18, 2011

  1. Asian markets slump in trades Sensex down by 51 points and Nifty down by 18 points.
  2.  Aurobindo Pharma pays US$139 million to redeem FCCBs
  3. Reliance ADAG to invest US$5 to10 billion in Indonesia mine infra
  4. Bajaj Auto FY10Q4 net profit increased by 165% to 14,000 millions
  5. TCS and HDFC Bank named for best managed Indian company
  6. Morgan Stanley, BofA-Merrill cut SBI target price
  7. Central Board of Direct Taxes recovers black money of Rs. 300 billion in lat 2 years
  8. Infosys turned bureaucratic at times: Narayana Murthy
  9. Ford India to invest US$72 million in its Chennai engine plant