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  • UPDATE 1-Danaher, Cooper to sell tools JV to Bain Capital Wednesday, 10 Oct 2012 | 6:34 AM ET

    Oct 10- Danaher Corp and Cooper Industries said they will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion. Danaher and Cooper each own a 50 percent stake in Apex, which makes Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings Corp's Craftsman brand.

  • India DLF shares tumble amid accusations of undue favours Wednesday, 10 Oct 2012 | 6:33 AM ET

    MUMBAI, Oct 10- Shares in India's biggest property developer DLF Ltd slumped on Wednesday, a day after an anti-graft activist alleged that the company received undue favours from the government in the northern state of Haryana.

  • NEW DELHI, Oct 10- Russia delayed delivery of a trouble-plagued aircraft carrier for at least a year on Friday, a blow to India's efforts to quickly build up naval strength as increasingly assertive Asian rival China expands its maritime reach.

  • Indian shares end lower; banks, Infosys drag Wednesday, 10 Oct 2012 | 6:10 AM ET

    MUMBAI, Oct 10- Indian shares provisionally ended lower on Wednesday led by a fall in banking stocks including ICICI Bank. ICICI Bank fell 0.95 percent while State Bank of India. Ahead of corporate earnings on Friday, Infosys.

  • Danaher, Cooper to sell tools JV to Bain Capital Wednesday, 10 Oct 2012 | 6:09 AM ET

    Oct 10- Danaher Corp and Cooper Industries said they will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion.

  • UPDATE 2-China Sept vehicle sales down 1.8 pct yr-on-yr Wednesday, 10 Oct 2012 | 6:09 AM ET

    BEIJING/ SHANGHAI, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier, as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • Oct 10- The decision by the US House Intelligence Committee to label Huawei and ZTE as threats to US national security- largely on the premise of potential Chinese state influence- underlines once again the difficulties facing the Chinese telecom equipment makers as they seek to expand across major developed markets.

  • Oct 10- Standard& Poor's Ratings Services said today that it had affirmed its' BBB-' long-term and' A-3' short-term issuer credit ratings on seven government-owned banks in India. Bank of India IDBI Bank Ltd. Indian Overseas Bank Indian Bank State Bank of India Syndicate Bank Union Bank of India.

  • M&M Fin to raise 1 bln rupees via bonds-source Wednesday, 10 Oct 2012 | 5:37 AM ET

    MUMBAI, Oct 10- India's Mahindra& Mahindra Financial Services Ltd plans to raise 1 billion rupees through private placement of 2- year bonds at 9.55 percent, a source with direct knowledge of the deal said on Wednesday.

  • Indeed the reception to the four deals that priced last night by Sunac China, United Overseas Bank, Syndicate Bank and Lifestyle suggest that there is still an enormous pool of funds that have to be put to work with only three months left of 2012..

  • RPT-EU holds fire on ZTE, Huawei telecom trade case Wednesday, 10 Oct 2012 | 5:05 AM ET

    BRUSSELS, Oct 9- The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.

  • *Bonds, rupee briefly weaken after report. By Neha Dasgupta and Swati Bhat. MUMBAI, Oct 10- India still faced a one-in-three chance of a credit rating downgrade over the next 24 months, Standard& Poor's said, although a series of reform steps launched in September had slightly improved the country's prospects.

  • NEW DELHI, Oct 10- Russia delayed delivery of a trouble-plagued aircraft carrier for at least a year on Friday, a blow to India's efforts to quickly build up naval strength as increasingly assertive Asian rival China expands its maritime reach.

  • India becoming more important on G20 stage - Bernanke Wednesday, 10 Oct 2012 | 4:48 AM ET

    MUMBAI, Oct 10- India is becoming a more important player on the G20 stage, U.S. Treasury Secretary Timothy Geithner, is on a two-day visit to India to participate in the third annual U.S.-India Economic and Financial Partnership Meeting. Fed chief is visiting India.

  • Casino-Type Stock Market Is Deterring Investors: Broker Wednesday, 10 Oct 2012 | 4:24 AM ET

    Trading volumes for stocks have decreased since 2008 and a series of high profile glitches have continued to hurt investor confidence. On Tuesday, erroneous trades led to a spike in a number of U.S.-listed stocks including Pandora and Nokia.

  • MARKET EYE-Indian shares down; S&P warning weighs Wednesday, 10 Oct 2012 | 4:24 AM ET

    falls 0.64 percent, while the 50- share NSE index is down 0.68 percent, as profit-taking hits private lenders, including ICICI Bank. falls 1.1 percent after gaining 1.14 percent on Tuesday, while HDFC Bank. *Blue chip capital goods stocks also hit by profit-taking: Larsen& Toubro.

  • India's HDFC to raise up to 5 bln rupees via bonds Wednesday, 10 Oct 2012 | 4:18 AM ET

    MUMBAI, Oct 10- India's Housing Development Finance Corp plans to raise up to 5 billion rupees through one-year one-day bonds at 9.10 percent, a source with direct knowledge of the matter said on Wednesday.

  • Iranian minister trying to woo Indian businesses Wednesday, 10 Oct 2012 | 4:01 AM ET

    NEW DELHI-- As Western sanctions squeeze Iran and its currency tumbles, the country's energy minister worked Wednesday to woo Indian businesses to invest in the beleaguered Iranian economy. The United States and the European Union have imposed sanctions on Iran to deter it from pursuing a nuclear weapons program.

  • The BSE index fell 0.58 percent and the 50- share NSE index also declined 0.64 percent after S&P warned about a possible downgrade in India's credit rating, reiterating its June stance if growth prospects and external position worsen, or fiscal reforms slow. India's benchmark 10- year bond yield. India's benchmark 5- year OIS up 1 bp at 6.97 percent.

  • Oct 10- Jyoti Structures Ltd:. *India's Jyoti Structures Ltd says gets orders worth 2.54 billion. rupees* Source text:* Further company coverage.