GO
Loading...

India

More

  • India's NALCO sells aluminium at $242/T premium Thursday, 4 Oct 2012 | 5:08 AM ET

    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.

  • Costco September same-store sales rise 6 pct Thursday, 4 Oct 2012 | 3:21 AM ET

    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.

  • Australia shares close at 14-month high Thursday, 4 Oct 2012 | 2:31 AM ET

    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.

  • The Reserve Bank of India said on Thursday it accepted all four bids for 68.5 billion rupees at its one-day repo auction through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.

  • Russian markets - Factors to Watch on Oct 4 Thursday, 4 Oct 2012 | 2:28 AM ET

    MOSCOW, Oct 4- Here are events and news stories that could move Russian markets on Thursday. MOSCOW- "Russia Calling" investment conference held by VTB Capital. MOSCOW- Briefing by Alexey Simanovsky, First Deputy Chairman of the Central Bank of Russia.

  • NEW DELHI, Oct 4- India's Kingfisher Airlines Ltd. Kingfisher, once India's second-largest airline, is half a year behind on salary payments and has grounded its fleet since Monday after a protest by engineers over the weekend turned violent, according to the heavily indebted carrier.

  • Taiwan stocks end flat; PC makers weigh Thursday, 4 Oct 2012 | 1:36 AM ET

    TAIPEI, Oct 4- Taiwan stocks ended flat on Thursday, with computer shares. The Taiwan dollar was up by T $0.085 to trade at T $29.320. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • NEW DELHI/ SINGAPORE, Oct 4- India's Essar Oil has sold 35,000 tonnes of naphtha to Itochu for Oct. 26-30 loading from Vadinar at about $31- 32 a tonne above Middle East quotes on a free-on-board basis, with traders saying the premiums reflected a firm market.

  • MUMBAI, Oct 4- Mutual funds in India posted their best gains in eight months in September after a slew of government fiscal and economic reforms sparked a powerful stock market rally, according to data from fund tracker Lipper, a Thomson Reuters company. Diversified equity funds gained 8.5 percent in September.

  • NEW DELHI, Oct 4- India's Kingfisher Airlines. expects to resume operations in four or five days after about 100 pilots and engineers in Delhi had agreed to return to work, an executive with the ailing airline told reporters on Thursday.

  • India's HDFC to raise min 2 bln rupees via bonds Thursday, 4 Oct 2012 | 1:06 AM ET

    MUMBAI, Oct 4- India's Housing Development Finance Corp plans to raise at least 2 billion rupees through five-year bonds at 9.20 percent, a source with direct knowledge of the matter said on Thursday.

  • Hospital stocks fall on Romney debate performance Thursday, 4 Oct 2012 | 12:54 AM ET

    Oct 4- Shares of U.S. hospital operators fell after Republican nominee Mitt Romney's strong showing in Wednesday's U.S. presidential debate raised doubts about the future of President Obama' s healthcare reform. Hospital operators Tenet Healthcare Corp, HCA Holdings Inc, Healthsouth Corp and HCP Inc.