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  • India's reform measures "very significant" -Geithner Tuesday, 9 Oct 2012 | 4:14 AM ET

    NEW DELHI, Oct 9- India's recent reform measures are "very significant" and will fuel private investment in the economy, U.S. Treasury Secretary Timothy Geithner said during a visit to New Delhi on Tuesday.

  • Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • NEW DELHI, Oct 9- The Indian government is likely to give an unconditional guarantee for Air India's 74 billion rupee bond sale, a government source said. The source said the aviation and finance ministries were in final talks regarding the guarantee.

  • NEW DELHI, Oct 9- India plans to ask Germany's Lufthansa AG to help Air India join Star Alliance, aviation minister Ajit Singh said on Tuesday, as it renews its push to become a member of the airlines network after failing to do so last year.

  • India's benchmark 10- year bond yield. IMF cuts India's growth forecast to 4.9 percent this year, down from 6.1 percent in July, and says the central bank should hold rates unless inflation experiences a sustained fall. India's benchmark 5- year OIS down 1 basis point at 6.96 percent.

  • MUMBAI, Oct 9- India's National Mineral Development Corporation has cut iron ore prices by 2-11 percent for October from September after a request from domestic steel makers, which have been slashing capacity due to lack of the raw material, a company source told Reuters.

  • MUMBAI, Oct 9- The State Bank of India is seeing early signs of a revival in loan growth, A. Krishna Kumar, Managing Director, national banking group, said on Tuesday, adding that there was limited scope for further reduction in the bank's interest rates.

  • NEW DELHI, Oct 9- India proposes to ask airlines to provide detailed business plans three years before they purchase planes, the country's aviation minister Ajit Singh said on Tuesday.

  • Oct 9- Sesa Goa Ltd:. *India's Sesa Goa Ltd says remains on track to deliver the first. shipment from Liberia iron ore project in FY 2014.

  • The Reserve Bank of India said on Tuesday it accepted all 26 bids for 652.95 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.

  • US economic officials meet top Indians Tuesday, 9 Oct 2012 | 2:13 AM ET

    Treasury Secretary Timothy Geithner was meeting Tuesday with Indian Finance Minister Palaniappan Chidambaram in New Delhi to discuss ways to improve economic ties between their two countries. Last month, the Cabinet agreed to allow foreign retail giants, such as U.S.-based Wal-Mart, into the Indian market.

  • The International Monetary Fund’s (IMF) sharp downgrade of its growth outlook for India sparked concerns over the future direction of Asia’s third largest economy, with one expert saying a hard landing could be on the cards.

  • Iron ore rally lifts Australia shares to 14-mth high Tuesday, 9 Oct 2012 | 1:49 AM ET

    MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • Taiwan stocks end down; HTC limit-down Tuesday, 9 Oct 2012 | 1:36 AM ET

    TAIPEI, Oct 9- Taiwan stocks ended down 0.31 percent on Tuesday, with HTC. limit-down after posting a 79 percent fall in net profit in the third quarter, missing forecasts. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • NEW DELHI, Oct 9- Reliance Industries and its partners may have to shut under-performing gas fields in 2015/ 16 that used to be India's second-biggest producer, Oil Secretary G. C. Chaturvedi said on Tuesday.

  • India's benchmark 10- year bond yield. IMF cuts India's growth forecast to 4.9 percent this year, down from 6.1 percent it made in July, and says the central bank should hold rates unless inflation experiences a sustained fall. India's benchmark 5- year OIS flat at 6.97 percent.

  • EU holds fire on ZTE, Huawei telecom trade case Tuesday, 9 Oct 2012 | 12:18 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.

  • NEW DELHI, Oct 9- India should scrap a law that taxes asset transfers retrospectively, a government panel recommended in a draft report that could save Britain's Vodafone.

  • ----------PREVIOUS ITEMS Govt plans to build 10-15 airports, upgrade 50 others- Financial Express---------- NMDC to cut iron ore prices by up to 11 pct for Oct- PTI in Business Line---------- Apollo Health plans to expand branded clinics five-fold- Mint---------- Tata Steel shifts focus to India to beat Europe slowdown- Mint----------.