Jigar Shah, senior VP at Kim Eng India, tells CNBC a fall in IT outsourcing company, Tech Mahindra's growth is coming because a low margin of acquisitions.» Read More
Oct 9- India's mobile phone subscriber base declined by 5.13 million in August, the second straight monthly fall, as carriers in the world's second-biggest wireless market continued to disconnect inactive users in a clean-up drive. China, the world's biggest mobile phone market, had 1.07 billion mobile subscribers in August.
LONDON, Oct 9- LONDON, Oct 9- CRH PLC:. *CRH announces termination of negotiations in India. *Negotiations with jaypee cement have now been terminated () ().
NEW DELHI, Oct 9- India should not retrospectively apply a controversial rule to tax asset transfers, a government panel said in a draft report, potentially providing relief to British mobile phone operator Vodafone.
The investment bank appointed Michael Eastwood as a managing director and head of Americas equity research. He joins the firm from Morgan Stanley, where he was director of North American fixed income research.
LONDON, Oct 9- CRH PLC:. *CRH announces termination of negotiations in India. *Negotiations with jaypee cement have now been terminated.
SINGAPORE, Oct 9- The Asian naphtha price rebounded to a five-session high of $965 a tonne on Tuesday, with the intermonth premium recovering to reach $12.00 a tonne as demand from South Korea returned.
NEW DELHI, Oct 9- The U.S economy is now growing close to its potential, U.S Treasury Secretary Timothy Geithner said on Tuesday. Geithner also said during a visit to New Delhi that economic reforms in Europe "could take years and years to bear fruit".
*Gazprom already ships 1.6 million tonnes of LNG a year to KOGAS. MOSCOW, Oct 9- Gazprom said on Tuesday it has signed an agreement to sell liquefied natural gas to Korea Gas Corporation, as it strengthens its position in Asian markets.
MUMBAI, Oct 9- India's Emkay Global Financial Services Ltd has met all of its financial obligations to the National Stock Exchange, arising from a set of erroneous trades that jolted domestic markets last week, an official at the brokerage said on Tuesday.
*India's Jyoti Ltd says gets order worth 697.5 million rupees for. water supply and irrigation schemes. *Source text:* Further company coverage.
Oct 9- NuPathe Inc said it would cut half of its workforce to reduce costs and focus on the regulatory approval of its experimental migraine patch. NuPathe has 37 employees, according to Thomson Reuters data.
NEW DELHI, Oct 9- The steps Europe has taken to cure its economic ills will take years to bear fruit and it will be a long time before the continent returns as a major driver of economic growth, U.S. "Europe has a very hard road ahead of them," Geithner told a meeting with business leaders during a visit to New Delhi.
Treasury Secretary Timothy Geithner met Tuesday with India's finance minister to discuss lowering trade and investment barriers just weeks after the Indian government started a drive to reignite the nation's declining economic growth.
NEW DELHI, Oct 9- A Reliance Industries led consortium may have to shut key gas producing fields in the KG D6 block in 2015/ 16, India's oil secretary G. C. Chaturvedi said on Tuesday. Canadian company Niko Resources has a 10 percent stake in the D6 block in the Krishna Godavari basin, while Reliance and BP, the operators, have 60 percent and 30 percent respectively.
SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.
Oct 9- MSP Steel& Power Ltd:. *India's MSP Steel& Power Ltd says board to meet on October 17 to. MSP Steel& Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 17, 2012, inter alia, to consider issue of Equity Shares on preferential basis to the promoters and non-promoters.
**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
NEW DELHI, Oct 9- India's aviation regulator has asked Kingfisher Airlines Ltd, which faces a possible shutdown by the government after an extended grounding of its fleet, to stop selling tickets until its concerns are resolved, a government source said.
Oct 9- The following financial services industry appointments and departures were announced on Tuesday. Two veteran broker teams from Bank of America's Merrill Lynch have departed for rival firms Morgan Stanley Wealth Management and Wells Fargo Advisors, according to sources with knowledge of the moves.
CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.