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Net redemptions from equity mutual funds jumped to 33.06 billion rupees in September, for a fourth month in a row, according to data released by industry body Association of Mutual Funds in India ( AMFI.
*India plans to set up a special body this week to speed up projects in a sector seen as vital to reviving economic momentum. shares gain 1 percent after dropping 11.72 percent in the previous two sessions after Essel Group units Asia Satellite Broadcast Pvt Ltd and Jay Properties sold a combined 5.54 million shares in the Indian construction firm.
*India's Tata Metaliks Ltd says MBF #2 is operational after relining w.e.f.
Oct 8- Gannett Co Inc and Dish Network Corp have agreed to extend their negotiation deadline by several hours to reach a deal over fees that involve the satellite TV provider's controversial digital video recorder. "In order to provide additional time to reach a deal, both sides have agreed to extend the deadline by several hours," Gannett said in a statement.
*China slowdown may get worse and last longer- World Bank. SINGAPORE, Oct 8- Shanghai rebar steel futures rose nearly 2 percent on Monday to the highest in almost two months as Chinese traders returned from a week-long break armed with hopes demand in the world's top consumer will pick up as the economy stabilises.
MUMBAI, Oct 8- Shares in India's biggest property developer DLF Ltd fell on Monday after anti-corruption activists accused the company of improper dealings with the son-in-law of the country's ruling party chief Sonia Gandhi. DLF shares were down 6.6 percent as of 0731 GMT, after falling as much as 6.9 percent.
JOHANNESBURG, Oct 8- South Africa's Cipla Medpro said on Monday its chief executive had stepped down and he planned to take legal action against the company he founded, ending months of speculation about his future at the drug maker.
NEW DELHI, Oct 8- India will unveil a "credible and feasible" fiscal consolidation path for the next five years, Finance Minister P. Chidambaram said on Monday, days after a government panel said the economy was on the edge of a fiscal precipice.
NEW DELHI, Oct 8- India's economic growth is likely to accelerate from the current level of 5.5 percent for the remaining quarters of the fiscal year, Finance Minister P. Chidambaram said on Monday.
MUMBAI, Oct 8- The Blackstone Group has invested $100 million for a 12.5 percent stake in India's International Tractors Ltd, the U.S. private equity company said in a statement on Monday.
NEW DELHI, Oct 8- India hopes to get 400 billion rupees from the sale of mobile phone airwaves in 2012/ 13, finance minister P. Chidambaram told reporters on Monday.
SINGAPORE, Oct 8- India's Mangalore Refinery and Petrochemicals Ltd sold a lower sulphur gasoil cargo and offered another, its first such cargoes in more than a year, as it moves away from exporting the polluting high sulphur grade, traders said on Monday.
NEW DELHI, Oct 8- The investment rate in the Indian economy is seen picking up in the third quarter of the current fiscal year that ends in March 2013, Finance Minister P. Chidambaram said on Monday.
The Reserve Bank of India said on Monday it accepted all 25 bids for 611.80 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.
SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.
TAIPEI, Oct 8- Taiwan stocks ended down 0.97 percent on Monday, as investors sold LCD makers. shed 2.09 percent while LCD firm AU Optronics lost 2.34 percent. The Taiwan dollar was up by T $0.118 to trade at T $29.25.
SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.
MUMBAI, Oct 8- Shares in India's DLF Ltd dropped after anti-corruption activists accused the country's biggest property developer of improper dealings with a member of a prominent politician's family, prompting denials from the company.
*Shares in Indian housing finance companies gain after market regulator Securities and Exchange Board of India says will allow debt-oriented mutual funds to invest up to 10 percent of their net assets in companies in the sector.
NEW DELHI, Oct 8- Ailing national carrier Air India is awaiting approval from the government for a 74- billion-rupee bond sale, Chairman Rohit Nandan said on Monday.