Ahead of quarterly earnings, Rumit Dugar, Analyst, IT, Telecom & Media, Religare Capital Markets, says wage hikes and currency appreciation may hurt Wipro's results.» Read More
Oct 1- CVR Refining LP, an associate of U.S. oil refiner CVR Energy Inc, filed with regulators to raise up to $300 million in an initial public offering of its common units. Following the offering, CVR Refining Holdings LLC, an indirect unit of CVR Energy, will own the general partner of CVR Refining.
Oct 1- Bombardier Inc, the world's largest train maker, said it won a contract worth about 50 million euros to supply five double-deck trains to Deutsche Bahn AG.
Oct 1- Tata Motors Ltd's vehicle sales in September: Sept 2012 Sept 2011 Pct change Total sales 75,773-- -4 Domestic sales 70,332 72,566 -3 Passenger vehicles 21,652 26,319 -18 Nano 5,491 2,936 87 Exports 5,441 6,217 -12. NOTE: Tata Motors makes both commercial vehicles and passenger cars, including the ultra-cheap Nano.
*Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold steadied just below one-week highs on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a key U.S. report on employment later this week.
WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy ixetic Verwaltungs GmbH for about 308 million euros.
NEW DELHI, Oct 1- India could amend controversial rules on tax avoidance within 20 days, the finance minister said on Monday, potentially ending months of uncertainty after the prime minister ordered a panel to clarify the tax proposals that had hurt investor confidence. In a move seen as targeting Vodafone, India passed a law in May to seek taxes from such deals.
MUMBAI, Oct 1- Indian shares rose on Monday led by infrastructure stocks after the government continues to promote projects in the sector, while software services exporters such as Infosys recovered from recent falls. Ambuja Cements gained 4.2 percent, while Infosys Ltd added 2.9 percent.
*India will allow insurance companies to invest in infrastructure projects, Finance Minister P. Chidambaram said on Monday. gains 3.3 percent while NCC Limited. *Cement makers also gain: Ambuja Cements.
Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.
Oct 1- Sadbhav Engineering Ltd:. *India's Sadbhav Engineering Ltd says got contract worth 437.9. million rupees from Sardar Sarovar Narmada Nigam Ltd.
COPENHAGEN, Oct 1- Danish freight forwarder DSV. has agreed to buy Dubai- based Swift Freight, it said on Monday, with the aim of expanding in the Middle East and Africa.
NEW DELHI, Oct 1- Labour unrest forced India's ailing Kingfisher Airlines Ltd to cancel flights on Monday, the latest blow for a carrier scrambling to find an investor and sending its shares down by their daily limit of 5 percent.
NEW DELHI, Oct 1- India's insurance regulator will consider relaxing norms for insurance companies investing in debt instruments, to encourage investments in securities other than those that are AAA-rated, Finance Minister P. Chidambaram said on Monday.
NEW DELHI, Oct 1- India will set final rules on tax anti-avoidance within 20 days after considering recommendations made by a government panel, Finance Minister P. Chidambaram said on Monday.
NEW DELHI, Oct 1- India will allow insurance companies to invest in infrastructure projects, Finance Minister P. Chidambaram said on Monday, in a move that may help meet huge funding requirements as Asia's third largest economy seeks to build roads and improve the power sector.
India's benchmark 10- year bond yield. India's benchmark 5- year OIS down 1 bp at 7.04 percent, while the 1- year rate also falls 1 bp to 7.62 percent. India's one-day cash rate at 8.05/ 8.10 percent versus its previous close of 7.95/ 8.00 percent.
*India's Canara Bank Ltd says Sunder Rajan Raman, Chairman and MD retired on September 30.
Oct 1- Steel Strips Wheels Ltd:. *SSWL sales up by 24% in September, 2012. *India's Steel Strips Wheels Ltd says sold 0.925 million Steel rims.
TOKYO-- Japan's largest steelmaker, Nippon Steel Corp., has joined with Sumitomo Metal Corp. to form the world's second-biggest steel maker.