Headlines from President Obama's trip to India, with CNBC's Seema Mody.» Read More
NEW DELHI, Oct 8- India expects to raise at least 270 billion rupees by charging mobile phone carriers a fee for their existing second-generation airwave holdings based on a price to be determined by an upcoming auction, senior government sources said on Monday.
SINGAPORE, Oct 5- Asia's fuel oil market plunged further on Monday, with the prompt inter-month spread sinking to its lowest in nearly two years amid abundant supply of the 180- centistoke fuel oil. Sri Lankan refiner Ceylon Petroleum Corp has emerged in the spot market to seek 20,000 tonnes of high sulphur fuel oil and 20,000 tonnes of low sulphur fuel oil.
MUMBAI, Oct 8- India's main stock index fell for a second straight session on Monday, marking its biggest daily fall since July 27, as profit-taking, coupled with business outlook concerns, hit recent outperformers such as Reliance Industries.
Oct 8- Gannett Co Inc and Dish Network Corp have agreed to extend by several hours their deadline to reach a deal over the satellite TV provider's commercial-skipping digital video recorder. Gannett had earlier set a midnight, Oct. 7 deadline for negotiations with Dish and said that an agreement was possible.
NEW YORK, Oct 8- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.
Morgan Stanley's Qatar head Khalid al-Subeai resigned last week to join the investment banking division of unlisted Barwa Bank, while Goldman's Qatar Chief Executive Tamim al-Kawari has joined investment bank QInvest, part-owned by Qatar Islamic Bank, as deputy CEO, according to several sources aware of the matter.
SINGAPORE, Oct 8- The Asian naphtha price was at a two-session low of $957.50 a tonne on Monday on lower Brent crude, while the intermonth premium fell to a two-week low of $11.50 a tonne on muted spot purchases from petrochemical makers.
MUMBAI, Oct 8- U.S. private equity firm Blackstone Group has paid $100 million for a 12.5 percent stake in India's International Tractors Ltd, it said on Monday, in a bet on the modernisation of India's farms.
MUMBAI, Oct 8- Indian shares fell for a second consecutive session on Monday, as investors booked profits after a powerful rally that sent indexes to their highest since mid-2011 last week, with caution also growing ahead of corporate earnings result announcements.
MUMBAI, Oct 8- Private equity arm of Standard Chartered Plc has invested $32 million in India's Varun Beverages, which is the largest bottler for PepsiCo Inc in South Asia, the companies said in a joint statement. The funds would be used to buy out PepsiCo's minority stake in Varun Beverages' subsidiary, the statement said.
NEW DELHI, Oct 8- India's economic slowdown has bottomed out, but a full recovery requires tough decisions, Finance Minister P. Chidambaram said on Monday, signalling his intent to push through unpopular reforms.
NEW DELHI, Oct 8- An Indian ministerial panel on Monday gave the go ahead to a proposal to charge mobile phone carriers a one-time fee for their existing second-generation airwave holdings based on a price to be determined by an upcoming auction, a TV channel reported quoting the law minister.
*Suri joins from ING Investment Management where he was managing director and CEO for the firm's business in India.
MUMBAI, Oct 8- Shares in India's biggest property developer DLF Ltd fell on Monday after anti-corruption activists accused the company of improper dealings with the son-in-law of the country's ruling party chief Sonia Gandhi. DLF shares were down 6.6 percent as of 0731 GMT, after falling as much as 6.9 percent.
MUMBAI, Oct 8- Shares in India's DLF Ltd dropped after anti-corruption activists accused the country's biggest property developer of improper dealings with a member of a prominent politician's family, prompting denials from the company.
India's main BSE index fell 1 percent while the 50- share NSE index was also down 1.07 percent on profit-booking after the BSE index rose to 17- month high on Friday, while the NSE hit its highest in nearly 18 months. India's benchmark 10- year bond yield. India's benchmark 5- year down 2 bps at 6.98 while the 1- year rate also fell 2 bps to 7.58 percent.
India will unveil a "credible and feasible" fiscal consolidation path for the next five years, Finance Minister P.Chidambaram said on Monday, days after a government panel said the economy was on the edge of a fiscal precipice.
Net redemptions from equity mutual funds jumped to 33.06 billion rupees in September, for a fourth month in a row, according to data released by industry body Association of Mutual Funds in India ( AMFI.
*India plans to set up a special body this week to speed up projects in a sector seen as vital to reviving economic momentum. shares gain 1 percent after dropping 11.72 percent in the previous two sessions after Essel Group units Asia Satellite Broadcast Pvt Ltd and Jay Properties sold a combined 5.54 million shares in the Indian construction firm.
*India's Tata Metaliks Ltd says MBF #2 is operational after relining w.e.f.