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  • India cbank sold $552 mln in FX market in Aug Thursday, 11 Oct 2012 | 7:25 AM ET

    MUMBAI, Oct 11- The Reserve Bank of India sold $552 million in the local forex market in August and bought $100 million, compared with net sales of $785 million in the previous month, data from the central bank showed on Thursday. The rupee gained 0.2 percent against the dollar in August.

  • Asia Distillates-Regrade prices at almost 1-year high Thursday, 11 Oct 2012 | 7:25 AM ET

    SINGAPORE, Oct 11- Asian regrade prices- the price difference between jet fuel and gasoil- climbed to an almost one year high on Thursday as jet fuel found strength from the United States and China ahead of year-end travel amid short supply. Chevron had earlier bought jet fuel from Taiwan's Formosa, likely to ship it to the United States, traders said.

  • *Suzlon sought to extend maturity of over $200 mln bonds by four months. By Tony Munroe and Sumeet Chatterjee MUMBAI, Oct 11- India's Suzlon Energy Ltd. A total of $1.3 billion of convertible bonds are expected to come up for redemption in the October-December quarter, brokerage Kotak Securities said in a report last month.

  • UPDATE 1-Alaska Airlines orders 50 Boeing aircraft Thursday, 11 Oct 2012 | 6:31 AM ET

    Oct 11- Alaska Airlines said it will buy 50 Boeing 737 single-aisle jetliners, worth $5 billion at list prices, in its largest order yet. Alaska Airlines, which runs an all- Boeing fleet, said the aircraft will be delivered between 2015 and 2022..

  • India's Kingfisher shares rise after block deals Thursday, 11 Oct 2012 | 6:31 AM ET

    Oct 11- Shares in India's Kingfisher Airlines, grounded since the start of the month, rose as much as 4.8 percent, after data showed a series of block deals on Thursday. About 2.6 million Kingfisher shares changed hands on the Bombay Stock Exchange, minutes before the close of the market trade, Thomson Reuters data showed.

  • Indian shares gain; Infosys rises ahead of earnings Thursday, 11 Oct 2012 | 6:04 AM ET

    *Unitech surges after settlement with Telenor. MUMBAI, Oct 11- Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys. and HDFC Bank higher a day before they report results.

  • India's Sesa Goa to raise 11 bln rupes via CP - source Thursday, 11 Oct 2012 | 5:11 AM ET

    MUMBAI, Oct 11- India's Sesa Goa, owned by miner Vedanta Resources, plans to raise 11 billion rupees through one-year commercial paper at a yield of 9.20 percent, a source with direct knowledge of the deal said on Thursday. Yes Bank is the sole arranger to the deal, the source said.

  • MUMBAI, Oct 11- Lenders to India's Suzlon Energy Ltd will look at ways to restructure the debt of the world's fifth-largest maker of wind turbines to help it repay bondholders, a senior official of the State Bank of India.

  • SINGAPORE, Oct 11- India's Essar Oil has sold a naphtha cargo to Shell at about $32 a tonne above Middle East quotes on a free-on-board basis, with premiums holding steady with two previous deals, traders said on Thursday.

  • NEW DELHI, Oct 11- Jeet Thayil, one of the nominees for the 2012 Man Booker Prize for the year's best novel in English, paints a stark portrait of Mumbai, or Bombay as he calls it, in his debut novel "Narcopolis". Thayil spoke with Reuters about his deep relationship with Bombay, his addiction and how this book came about.

  • NEW DELHI, Oct 11- India's annual exports fell for the fifth consecutive month and imports rose in September, pushing the trade deficit to its widest in 11 months in the latest bleak data from Asia's third largest economy as it struggles to balance its finances.

  • *Billionaire Mallya heads United, ailing Kingfisher Airlines. NEW DELHI/ MUMBAI, Oct 11- India's market regulator has written to billionaire Vijay Mallya's United Spirits Ltd "with a set of queries" after it recently announced it was in talks to sell a stake to Diageo Plc, a United spokesman said on Thursday, declining to specify the nature of the inquiry.

  • TEXT-Indonesia holds benchmark rate at 5.75 pct Thursday, 11 Oct 2012 | 4:35 AM ET

    JAKARTA, Oct 11- Full text of Bank Indonesia's policy statement, translated by Reuters. Bank Indonesia will continue to strengthen coordination with government in managing domestic demand and improving balance of payments in line with the effort to maintain macroeconomic stability and sustain national economic growth.

  • Oct 11- WH Smith Plc said Chief Executive Kate Swann will step down on June 30, after running the books and stationery retailer for a decade, sending its shares down as much as 7 percent. Steve Clarke, managing director of the company's High Street division, will take over from Swann on July 1.

  • *Telenor still needs local partner for new business* Spectrum auction set for November for new licences* Telenor has not yet decided to participate in new auction* Unitech-Telenor JV caught in controversial court case By Devidutta Tripathy and Victoria Klesty.

  • The world's largest specialty toy retailer said it would ship to more than 60 countries in north, south and central America, Asia and Europe. The firm said on Wednesday it will open toy departments in 24 Macy's stores this holiday season.

  • NEW DELHI, Oct 11- Top Indian telecoms carrier Bharti Airtel's tower unit could launch its planned initial public offering in 2012, subject to clearance from market regulators, a senior group executive said. "We are ready to go...," said Akhil Gupta, deputy group chief executive of Bharti Enterprises, the telecom carrier's parent company.

  • MUMBAI, Oct 11- Private equity arm of Standard Chartered Plc will invest $35 million in Indian visual entertainment services group Prime Focus Ltd at a maximum price of 53 rupees per share, the Indian firm said.

  • India raises urea price by 50 rupees/T- govt spokesman Thursday, 11 Oct 2012 | 3:02 AM ET

    NEW DELHI, Oct 11- The Indian government raised price of the most used nitrogenous fertiliser urea by 50 rupees per tonne on Thursday, a government spokesman said. In 2011/ 12, urea consumption in India stood at 29 million tonnes compared to 28.2 million tonnes a year earlier.

  • Alaska Airlines to order 50 Boeing aircraft - WSJ Thursday, 11 Oct 2012 | 2:47 AM ET

    Oct 11- Alaska Air Group Inc, parent company of Alaska Airlines, will order 50 Boeing Co 737 single-aisle jetliners on Thursday, the Wall Street Journal reported, citing two people familiar with the matter. The order is expected to include Boeing's current generation 737 aircraft and the updated 737 MAX-8 and MAX-9 jetliners, the daily said.