Murugappas to merge TII and TIDC, share swap at pegged at 4:5

Other author's news:

• Virgin Atlantic plans low-cost airlines in India, China - London, Aug. 8. (UNI): Virgin Atlantic Airways, Britain's second largest carrier, is in talks with Jet Airways, Air Sahara and Air Deccan to launch low-cost airlines in India.
• Rupee rallies against USD in early trade - Mumbai, Aug 2. (PTI): The rupee rallied smartly against the US currency early today on bunched-up weekend dollar supplies amidst receding demand in cautious trade at the Interbank Foreign Exchange market.
• ONGC, Reliance in top 500 global companies list - Mumbai, July 22. (PTI): For the first time ever, the names of Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd figure among the top 500 companies in the world, according to a list published by "Business Week'.

Similar news:

• Molson, Adolph Coors Agree to Combine in Share Swap (Update1) - July 22 (Bloomberg) -- Molson Inc., Canada's biggest beermaker, and No. 3 US brewer Adolph Coors Co. agreed to merge in a share swap, seeking to compete better with Anheuser-Busch Cos. and Interbrew SA for customers and acquisitions.
• Tube Talks Break Down - Talks aimed at averting fresh strikes on London Underground ended without agreement today, raising the threat of more travel chaos in the capital.
• Steel and Tube upgrades forecast - Based on management accounts, net profit after tax would be in the range of $27 million-$28 million for the 12 months to June, up from a forecast of $24 million given in February.

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