Maarten-Jan Bakkum, global emerging markets strategist at ING Investment Management, says there is little room for continued outperformance by Indian equities.» Read More
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.
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.
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.
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.
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.
MUMBAI, Oct 10- Ratings agency Standard& Poor's warned that India still faced a one-in-three chance of a credit rating downgrade within the next 24 months despite a new drive for economic reform that was launched in September.
NEW DELHI, Oct 10- The CEO of India's Kingfisher Airlines Ltd, grounded since the start of the month, urged striking employees to return to work as the carrier scrambled to find solutions to its cash flow problems.
NEW DELHI, Oct 10- India's car sales are seen growing just 1 percent to 3 percent in the current financial year, an industry body said, slashing its previous estimates as high interest rates and slowing economic growth continue to stifle a once-booming industry.
*Newcrest Mining slips 1.3 percent as bullion weakens. MELBOURNE, Oct 10- Australian shares pulled back from 14- month highs on Wednesday as lower growth forecasts for China and other regional economies by the International Monetary Fund wiped off gains made by miners on higher iron ore prices.
MUMBAI, Oct 10- Ratings agency Standard& Poor's warned on Wednesday about a significant chance of downgrading India's credit rating, reiterating its June stance if growth prospects and external position worsen, or fiscal reforms slow.
MUMBAI, Oct 10- There is a significant chance of cutting India's credit rating in the future, Standard and Poor's credit rating agency has said, news channel CNBC-TV18 reported citing Dow Jones.
The Reserve Bank of India said on Wednesday it accepted all 25 bids for 633.25 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.
Oct 10- U.S. premium denim maker True Religion Apparel Inc is expected to announce on Wednesday that it is putting itself up for sale and has fielded buy out proposals from private equity firms and apparel industry companies, the Wall Street Journal reported, quoting a person familiar with the matter. True Religion's jeans, priced between $170 and $360, sell at.
NEW DELHI, Oct 10- India's car sales are seen growing just 1-3 percent in the financial year that ends in March 2013, an industry body said, as it slashed its previous estimate of 9-11 percent on high interest rates and slowing economic growth.
MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.
SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $31 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.
NEW DELHI, Oct 10- Car sales in India fell in September for the second consecutive month, an industry body said on Wednesday, as high interest rates, rising fuel costs and slowing economic growth continued to drag down demand.
MUMBAI, Oct 10- Shares of India's Polaris Financial Technology Ltd slumped on Wednesday after the country's market regulator accused the software services firm's chief executive of insider trading and barred him from participating in the securities markets for two years.