Maarten-Jan Bakkum, global emerging markets strategist at ING Investment Management, says there is little room for continued outperformance by Indian equities.» Read More
Uday Kotak, Executive Vice Chairman and Managing Director at Kotak Mahindra Bank, says the Reserve Bank of India is unlikely to cut rates anytime soon unless inflation eases.
March 31- Hewlett-Packard Co agreed to pay $57 million to settle a lawsuit that accused the personal computer maker's former management of defrauding shareholders by abandoning a business model it had long touted.
March 31- Eli Lilly was successful in a crucial legal battle on Monday when a U.S. The court said the defendants, Teva Pharmaceutical Industries Ltd, APP Pharmaceutical, now known as Fresenius Kabi USA LLC, Barr Laboratories Inc and Pliva Hrvatska D.O.O., failed to show by clear evidence that the asserted claims of the' 209 Patent are invalid.
March 31- Bob Diamond- backed investment company Atlas Mara, said it would acquire sub-Saharan African bank ABC Holdings Limited and ADC African Development Corporation AG, for up to $265 million in cash and shares.
The company, which is co-sponsored by NorthStar Asset Management Group Inc and RXR Realty LLC, will be structured as a public, non-traded corporation and intends to qualify as a real estate investment trust. NorthStar Asset Management Group Inc has been created as the successor to NorthStar Realty Finance Corp's asset management business.
NEW DELHI/ WASHINGTON, March 31- The U.S. ambassador to India has resigned following a row over the arrest of a junior Indian diplomat in New York that pushed relations between the world's biggest democracies to their lowest ebb in more than a decade.
March 31- General Motors Co is recalling more than 1.5 million vehicles because they may unexpectedly lose power steering, the company said on Monday. Of the 1,508,445 vehicles involved in the recall, more than 1.3 million are in the United States.
March 31- Prana Biotechnology Ltd lost nearly three-quarters of its value after the company said its experimental drug to treat Alzheimer's disease failed a mid-stage study, raising doubts about the drug's future.
March 31- The 3 million subscribers that Comcast Corp plans to divest as part of a proposed takeover of Time Warner Cable Inc might be worth roughly $18 billion, according to a source familiar with the matter.
March 31- The 3 million subscribers that Comcast Corp plans to divest as part of a proposed takeover of Time Warner Cable Inc could be worth roughly $18 billion, according to a source familiar with the matter.
March 31- New York state joined New York City in suing FedEx Corp for allegedly violating state and federal laws by delivering untaxed cigarettes, but the company said customer privacy prevented it from checking packages without reason.
March 31- Shares in Biofuel Energy Corp more than doubled after hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer. Einhorn already holds more than 35 percent of Biofuel Energy, mostly through his investment fund, Greenlight Capital Inc, according to a regulatory filing on Friday.
March 31- Curis Inc said the U.S. Food and Drug Administration allowed it to resume testing of its experimental cancer drug, lifting a November order halting enrolment in an early-stage trial. Curis acquired the license to develop and market the treatment from Genentech, a unit of the Roche Holding AG, for an upfront payment of $9.5 million in November 2012.
*Arista's switches power data centers of Facebook, Citigroup, Comcast. Santa Clara, California- based Arista listed Morgan Stanley and Citigroup as lead underwriters to the offering in its IPO filing with the U.S. Securities and Exchange Commission on Monday.
March 31- Curis Inc said the U.S. Food and Drug Administration allowed it to resume testing its experimental cancer drug, lifting a November order halting enrolment in an early-stage trial. The company's shares jumped about 22 percent to $3.35 in trading before the bell. The Lexington, Massachusetts- based company's shares closed at $2.75 on the Nasdaq on Friday.
March 31- Logistics company UTi Worldwide Inc reported a bigger-than-expected quarterly loss, hurt by weak demand for air freight as customers opt for slower, but cheaper, modes of shipping. Air freight volumes fell 0.4 percent in North America last year, according to the International Air Transport Association.
March 31- Prana Biotechnology Ltd said its experimental drug to treat Alzheimer's disease failed to meet the main goal of a mid-stage study in patients with a mild form of the condition. The company's shares, which have jumped more than 300 percent in the past year, fell as much as 76 percent to $2.35 in premarket trading on Monday.
March 31- Arista Networks, a maker of network switches, filed with U.S. regulators to raise up to $200 million in an initial public offering. The Santa Clara-based company, whose competitors include Cisco Systems Inc, listed Morgan Stanley and Citigroup as lead underwriters to the offering in its IPO filing on Monday. 1/ 8 ID: http://r.reuters.com/jaw97v 3/ 8.
March 31- Logistics company UTi Worldwide Inc reported a bigger-than-expected quarterly loss, hurt by weak demand for air freight. Net loss attributable to UTi Worldwide narrowed to $50.7 million, or 48 cents per share, for the quarter ended Jan. 31 from $142.8 million, or $1.38 per share, a year earlier.
March 31- Comcast Corp is planning to increase its share buyback plan by more than 80 percent as its $45 billion takeover of Time Warner Cable Inc undergoes regulatory review in the coming weeks, Bloomberg reported.