Kunal Bahl, CEO of Snapdeal, says the company is not selling to anyone after speculation that Alibaba is in talks to make an investment in the Indian company.» Read More
THE ROYAL BANK OF SCOTLAND GROUP PLC. The bank appointed John Shelley as chief risk officer, Asia Pacific. He was most recently chief administrative officer for markets& international banking, Asia Pacific.
Oct 12- Outsourcing company iGate Corp posted a higher quarterly profit as margins rose but said delays in contract renewals slowed revenue growth. Net income rose to $28.3 million, or 27 cents per share, in the third quarter, from $14.3 million, or 10 cents per share, a year earlier. Revenue rose 2 percent to $271.1 million.
*Chemring profit warning contributed to delay- source. has been granted more time by the UK Takeover Panel to hammer out a deal to buy Chemring Group Plc, which makes defence equipment such as flares and explosive device detectors. Carlyle now has until Nov. 9 to either bid for Chemring or walk away.
MUMBAI, Oct 12- Indian shares fell on Friday, posting its first weekly fall in six, as Infosys slumped after disappointing investors with its growth outlook, with caution also setting in ahead of key inflation data next week.
MUMBAI, India-- An Indian court Friday ordered the arrest of the highflying owner of Kingfisher Airlines for bouncing checks, adding to the beleaguered airline's woes as its struggles to resume flights that have been grounded since the start of the month.
SINGAPORE, Oct 12- India's diesel exports for October are expected to increase by 20 to 30 percent from previous months as domestic demand remains poor due to the delayed monsoon season and a weak economy, industry sources said on Friday.
MUMBAI, Oct 12- India's HDFC Bank Ltd will consider reviewing the bank's base rate at some point during the current quarter as deposit costs have come down, Executive Director Paresh Sukhtankar said on Friday.
MUMBAI, Oct 12- UK- based The Children's Investment Fund Management said on Friday it has filed a lawsuit in Calcutta High Court against the directors of state miner Coal India Ltd for failing to perform their functions with care and skill.
*Cars to be priced between 5,000- 10,000 euros- sources. BERLIN, Oct 12- German carmaker Volkswagen. Europe's biggest carmaker is eyeing a price range of between 5,000 and 10,000 euros for the budget cars which may include a van, estate and a small sedan, the sources said, confirming a report in German business daily Handelsblatt.
MUMBAI, India-- India's Kingfisher Airlines has stopped selling tickets on its website through Oct. 20, casting doubt on its promise to end a two week shutdown Friday. Kingfisher, once one of India's best airlines, grounded flights on Oct. 1.
Oct 12- HDFC Bank, India's No.3 lender, met forecasts with a 30 percent year-on-year rise in second quarter profit, led by stronger loan growth, greater fee income and stable net interest margins.
MUMBAI, Oct 12- As pressure builds on India's central bank to ease monetary policy after a slew of fiscal and economic reforms, the debt market is cautiously positioning for policy rates to be cut, but remains unconvinced that it will happen this month.
MUMBAI, India-- India's Kingfisher Airlines is unlikely to end its two week shutdown Friday, as planned. Kingfisher, once one of India's best airlines, grounded flights on October 1.
Oct 12- HDFC Bank, India's No.3 lender, met forecasts with a 30 percent rise in quarterly profit, led by stronger loan growth, better fee income and stable net interest margins.
NEW DELHI, Oct 12- Troubled Indian carrier Kingfisher Airlines may be allowed more time beyond the 15 days it was given to reply to a notice from the civil aviation regulator, two regulatory sources said on Friday.
NEW DELHI, Oct 12- India's industrial output growth is likely to pick up in coming months, C. Rangarajan, chairman, Prime Minister's Economic Advisory Council, said on Friday.
Oct 12- Chemring Group Plc said U.S. private equity company Carlyle Group has been granted another extension to the "put up or shut up" deadline to hammer out an offer for the defence equipment maker. The UK takeover panel has extended until Nov. 9 the deadline for Carlyle to table a firm bid for Chemring or walk away.
*Government wants RBI to ease policy at Oct. 30 meeting. NEW DELHI, Oct 12- India's industrial output rose modestly in August but not enough to end a long slump in Asia's third largest economy, while inflation slowed, improving the case for a cut in interest rates that both businessmen and politicians have been pleading for.
to' buy' from' neutral' and raises its target price to 38 rupees from 27 rupees. *The removal of the overhang makes Unitech an "attractive risk-reward" stock, while valuations are also compelling, Citigroup says in a note dated on Friday. *Unitech is seeing steady sales and new launches, while execution is showing signs of improvement, Citigroup argues.
Oct 12- Top Indian telecoms carrier Bharti Airtel. lost almost 1 million mobile customers in September, data released by an industry body showed, as carriers in the world's second-biggest wireless services market continue to disconnect inactive users in a clean-up drive.