Equity Market News Summary

• Maruti Suzuki India's top car maker, is looking to speed up expansion plans to meet booming demand in the fast-growing south Asian country. 

• Reliance Communications expects to roll out 3G services by the end of 2010, provided government allocates spectrum by September, a company official said on Wednesday. 

• India's Larsen & Toubro gets orders worth $222 mln. 

• Steel Authority of India hopes to form a joint venture with Japan's Kobe Steel within six months, for setting up a 0.5 million tonne steel plant in India. 

• The Indian rupee climbed to a fresh one-month high on Friday as custodian banks, representing foreign investors, sold doll. 

• The government on Tuesday sought parliamentary approval to spend a net additional 545.89 billion rupees ($11.8 billion) in the 2010/11 fiscal year. 

• The Reserve Bank of India stripped some portfolios from a deputy governor who indicated the central bank would raise interest rates days before an unscheduled move. 

• Indian bond yields largely steady; supplies eyed . 

• The Institute for Supply Management said the US manufacturing sector grew at a faster rate than expected in. 

• The yen rose towards a 15-year high against the dollar on Wednesday, sending benchmark government bond yields below 1 percent and adding pressure on Japanese policy makers to keep the fragile economic recovery on course. 

• Crude oil declined from a three-month high in New York before the release of economic data forecast to show that the recovery is losing steam in the U.S., the world's second-largest energy consumer.