India's Commerce Minister Anand Sharma spoke to CNBC's Adam Bakhtiar in an exclusive interview about the global impact of India's trade deal with the European Union» Read More
LONDON, Oct 4- The activists who have protested in recent months at the tax arrangements of some leading British companies are united with many politicians in wanting to cut corporate tax avoidance.
PUDUCHERRY,, Oct 4- India's final fiscal deficit level would be an important variable for the central bank's monetary policy stance, Duvvuri Subbarao, the governor of the Reserve Bank of India said on Thursday. The government aims to keep the fiscal deficit at 5.1 percent of the GDP in 2012/ 13 fiscal year that ends in March.
*Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.
MUMBAI, Oct 4- India's main BSE index rose to a 15- month high, while the NSE index hit 17- month highs, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as State Bank of India and ICICI Bank. State Bank of India gained 2.2 percent, while ICICI Bank rose 3.1 percent.
*Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.
NEW DELHI, Oct 4- State explorer Oil India. plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil& Gas's. Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston- based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.
LONDON, Oct 4- Turkish stocks fell 1.6 percent on Thursday and credit default swaps jumped after a sharp escalation in political risks caused by retaliatory military raids within the Syrian border. "Clearly a short-term risk for Turkey and Turkish assets," said Simon Quijano-Evans, chief EEMEA economist at ING. MSCI emerging stocks rose 0.3 percent.
By Anurag Kotoky NEW DELHI, Oct 4- Kingfisher Airlines Ltd's. efforts to resolve a labour dispute were dealt yet another blow after a group of employees said negotiations in Delhi had "ended in failure" because the Indian airline did not commit to paying overdue salaries.
By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's. Six of Standard Chartered's 16 directors hold executive positions at the bank, including CEO Peter Sands, Finance Director Richard Meddings and Asia Chief Executive Jaspal Bindra.
BHUBANESWAR, Oct 4- India's state-run National Aluminium Co has sold 3,000 tonnes of aluminium ingots at $242 per tonne premium over the average LME cash price on a cost, insurance and freight basis, two company sources said on Thursday. The metal will be shipped to the Singapore- based buyer in six batches of 500 tonnes each from November to April.
NEW DELHI, Oct 4- Indian state-run firms Oil India Ltd and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's. Oil India will acquire 20 percent and Indian Oil Corp will get 10 percent in Carrizo's Niobrara basin acreage assets through their respective subsidiaries.
Indonesian retailer PT Modern International Tbk is looking to raise up to $92 million from a rights offering and shareholder placement in October, IFR reported on Thursday. Modern International plans to sell 959.7 million rights shares on a three-for-10 basis at an indicative price range of 450- 550 rupiah per share.
"We anticipate that Denmark- based Novo Nordisk A/S, already the global market leader in diabetic treatments, could jump into the top 10 global pharmaceutical companies in revenue terms over the next few years, while presently it is still a midsize company compared with its peers and specializes almost exclusively on diabetes treatments," said Standard& Poor's credit analyst Olaf Toelke.
MUMBAI, Oct 4- A group of employees at embattled Kingfisher Airlines said that talks on Thursday between the company and pilots and engineers in Delhi had "ended in failure" as the company had not made a commitment on payment of overdue salaries.
MUMBAI, Oct 4- India's 50- share NSE index rose above 5,800 points on Thursday, joining the BSE index in breaching key psychological levels, after continued government reform measures sparked hopes for continued action. Banks led gainers, with ICICI Bank up 3.6 percent.
Macquarie Equity Research initiated coverage on retailer PT Sumber Alfaria Trijaya Tbk with' outperform' and a target price of 7,000 rupiah, saying the company is well-positioned to ride Indonesia's consumer wave.
Oct 4- U.S. retailer Costco Wholesale Corp. Net sales at Issaquah, Washington- based Costco rose 8 percent to $9.31 billion in the five weeks ended Sept. 30. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales were up 5 percent, Costco said.
Bahana Securities said crude palm oil price may recover in the next few weeks as the current downturn is not sustainable, and it expects strong demand from India and China.
SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.
SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.