Business, Finance & Stock Market updates for June 29, 2007

Government acquires entire RBI shares in SBI
In its biggest ever cash purchase, the Government of India today acquired the entire Reserve Bank of India (RBI) shareholding in State Bank of India (SBI), consisting of over 314 million equity shares at a total amount of over 355 billion rupees. ANI

Chidambaram confident about raising funds for Indias rising infrastructure needs
At a close door meeting organised by the Commonwealth Business Council in London, Indias Finance Minister P Chidambaram shared his vision for Indias fast growing financial sector with a select group of influential heads of leading banks, private equity companies and hedge funds. ANI

Outsourcing IT Infrastructure Solutions Growing Alongside Increasing Awareness of Advantages of Services
Business Wire India

Expanding End-User Base and Novel Applications Underline Strong Growth Prospects for European Thermal Cycler Markets
Business Wire India

Emphasis on Achieving NATO Interoperability Requirements Drives Growth in European Airborne Tactical Datalinks Markets
Business Wire India

RIICO to Develop Bhiwadi as an Automobile Manufacturing Hub
Business Wire India

C & C Constructions Limited and NHAI Sign BOT Agreement
Business Wire India

Jones Lang Lasalle Meghraj Identifies "India 50" - The Emerging Cities for Retail Activity
Business Wire India

Jagran Prakashan FY07 revenues up by 27.95% to Rs 622.98 crore
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