Sensex declines 33 points in early trade

Stocks

IT

Infosys said on Friday it settled a lawsuit filed by former employee Satya Dev Tripuraneni.

Non-traditional markets such as Japan, China and Korea will drive HCL Technologies' next wave of growth, its chairman Shiv Nadar said.

TELECOMS

The department of telecom is considering a demand by India's top three mobile phone companies -- Bharti Airtel , Vodafone and Idea Cellular -- to allow GSM operators to bid for unsold CDMA spectrum in the 800 MHz band which saw no takers in the recent auction.

Bharti Infratel's share sale to raise up to $830 million was subscribed 1.3 times, a weaker-than-hoped for response to the country's biggest initial public offering in two years.

AIRLINES

Etihad Airways will decide this week whether to invest in Jet Airways or Kingfisher Airlines, according two persons familiar with development who requested anonymity.

Renault's move into low-cost cars plans to devise a cheap vehicle programme for India that can compete with such champions of frugality as Maruti Suzuki and Hyundai.

INDUSTRIAL

French warship maker DCNS will buy close to 15 percent stake in Nikhil Gandhi-promoted shipbuilder Pipavav Defence & Offshore Engineering for about 13.5 billion rupees, according to people close to the development.

HEALTH CARE

Fortis Healthcare will sell its majority stake in Dental Corporation Holding, a dental care company in Australia and New Zealand, for around 15.55 billion rupees ($285.06 million) to UK's Bupa Ltd and will use the sale proceeds to pare debt, according to a statement.

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