GO
Loading...

India

More

  • India's Apr-Sept direct tax receipts up 5.9 pct y/y Wednesday, 10 Oct 2012 | 7:44 AM ET

    New Delhi, Oct 10- India's gross direct tax receipts rose about 5.9 percent to 2.7 trillion rupees during the first half of the current fiscal year, from a year earlier, on higher income tax and wealth tax revenues, a government release said.

  • Turkish power grid Gediz attracts 13 bidders Wednesday, 10 Oct 2012 | 7:39 AM ET

    ISTANBUL, Oct 10- Turkey's Enerjisa and India's Tata Power were among 13 groups pre-qualified in the privatisation of Gediz EDAS, the power distributor in the western cities of Izmir and Manisa, Turkey's privatisation agency said on Wednesday.

  • Oct 10- Danaher Corp and Cooper Industries agreed to sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining the growing trend among U.S. conglomerates to shed non-core assets.

  • UPDATE 1-Denim maker True Religion says exploring sale Wednesday, 10 Oct 2012 | 7:20 AM ET

    Oct 10- Denim maker True Religion Apparel Inc. True Religion said it formed a special committee comprised of its non-management directors and engaged Guggenheim Securities LLC as financial adviser and Greenberg Traurig LLP as legal counsel to assist in the review process.

  • Oct 10- An Oklahoma court ordered JP Morgan Chase& Co to restore ExxonMobil shares, valued at about $20 million, to a trust for causing substantial losses through "ill-advised" investments.

  • 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.

  • MOVES-Barclays, Heartwood Investment Management Wednesday, 10 Oct 2012 | 6:58 AM ET

    JPMORGAN CHASE INC The U.S. bank has hired Ahmed Saeed from Nomura Holdings. The investment bank appointed Peter Young AM as chairman of Barclays Bank Plc. He was the chairman of investment banking in Australia and New Zealand at ABN AMRO and a member of the advisory board at Royal Bank of Scotland in Australia.

  • Industry group cuts India car sales forecast Wednesday, 10 Oct 2012 | 6:44 AM ET

    MUMBAI, India-- Car sales in India may grow just 1 percent this fiscal year, down from a July forecast of around 10 percent as the economy falters, the Society of Indian Automobile Manufacturers said Wednesday. India's rural economy has been a bulwark of strong consumption amid global uncertainty.

  • *Looming risk to safe-haven flows to U.S., Japan* IMF tone in contrast to more upbeat mood in Europe* IMF says global financial confidence "very fragile".

  • 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.