The company said it would issue 344

The company said it would issue 344.4 million shares at 81rupees each and the closing date of the issue was June 30. Sources told Reuters earlier this week Unitech would getthe money in early July [ID:nDEL491575]. (Reporting by Shin Jieun in Seoul; Editing by Ken Wills) Stocks Stocks. NEW DELHI, July 1 (Reuters) - Unitech Ltd (UNTE.BO),India's No.2 listed real estate firm, said on Wednesday itwould raise 27.89 billion rupees ($580 million) by issuingshares to qualified institutional buyers. July 1 (Reuters) - GM Daewoo Automotive and Technology Co'ssales during June (in vehicles):June 2009 June 2008 TOTAL SALES38,24394,189 OVERSEAS SALES 27,00980,557 DOMESTIC SALES 11,23413,632 Unlisted GM Daewoo is South Korea's third-largest auto maker.General Motors Corp GM.N and partners took a majority stake insome of the assets of failed Daewoo Motor in 2002, creating GMDaewoo.

(0428 GMT), the 30-share BSE Index .BSESNwas up 0.6 percent at 14,582 points, with 26 stocks gaining. The 50-share NSE indexwas up 0.65 percent at 4,319points.(Reporting by Prashant Mehra; Editing by Lincoln Feast ). However, the market wastrading in a narrow range on nervousness ahead of the federalbudget next week By 9.58 a.m. MUMBAI, July 1 (Reuters) - Indian shares opened up 0.09percent on Wednesday as investors interest recovered after a 2percent fall in the previous session. * Financier Allen Stanford is a serious flight risk andmust remain in jail until he is tried on charges ofmasterminding a Ponzi scheme, a federal judge ruled Tuesday * Gannett Co (GCI.N), the largest U.S.

newspaper publisherby daily circulation, will cut between 1,000 and 2,000 jobs outof its 41,500-person work force in response to continuingrevenue declines, according to a person familiar with thecompany's thinking. Stocks Media China Japan. The Japanese companyis betting the rules will give an advantage to its expandinglineup of hybrid vehicles, and it also aims to boost revenue bylicensing to other car makers the patents that protect itsfuel-saving technologies * U.S. home prices eased their slide in April, but risingunemployment and shaky consumer confidence are weighing onprospects for a recovery in the housing market and broadereconomy. * The Obama administration's tough new fuel-efficiencystandards could pose problems for some car makers, but ToyotaMotor Corp (7203.T) is hoping to benefit. * Sales of Michael Jackson's music have skyrocketed sincehe died suddenly last Thursday, returning the late pop star tothe top-selling spot he held more than once during his career.

* A regulator fined a unit of ICAP Plc (IAP.L) and one ofits former brokers for "numerous improper communications" withrival firms over fees on credit-default-swap trades, in anongoing probe that could widen to include other brokeragefirms. * China's government delayed its controversial requirementthat manufacturers include Web-filtering software in all newpersonal computers sold in the country -- an 11th-hour movethat shows the challenges Beijing faces in its wide-rangingefforts to rein in the Internet. * Freddie Mac's (FRE.N) board has made Charles "Ed"Haldeman Jr. its prime candidate for chief executive officer ofthe government-backed mortgage company, according to peoplefamiliar with the situation.

* The Federal Deposit Insurance Corp on Thursday isexpected to propose new guidelines for private-equity investorsseeking to buy failed banks, people familiar with the mattersaid. President Barack Obama's effortto provide near-universal coverage to Americans. * In a major break with most other large companies,Wal-Mart Stores Inc (WMT.N) Tuesday told the White House thatit supports requiring employers to provide health insurance toworkers, a centerpiece of U.S. July 1 (Reuters) - The following were the top stories inThe Wall Street Journal on Wednesday. Reuters has not verifiedthese stories and does not vouch for their accuracy. Stocks  |  Media  |  China  |  Japan * The financial industry cut spending on lobbying andcampaign contributions this year, even as the Obamaadministration drafted a sweeping plan to tighten federalcontrol over its players.