GO
Loading...

India

More

  • Australia shares slip; iron ore gains buoy miners Wednesday, 10 Oct 2012 | 1:17 AM ET

    MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.

  • SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $31 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.

  • India's September car sales fall 5.4 pct Wednesday, 10 Oct 2012 | 1:08 AM ET

    NEW DELHI, Oct 10- Car sales in India fell in September for the second consecutive month, an industry body said on Wednesday, as high interest rates, rising fuel costs and slowing economic growth continued to drag down demand.

  • MUMBAI, Oct 10- Shares of India's Polaris Financial Technology Ltd slumped on Wednesday after the country's market regulator accused the software services firm's chief executive of insider trading and barred him from participating in the securities markets for two years.

  • BANGALORE, Oct 10- Indian inflation probably accelerated to its highest level this year in September because of costlier fuel after the government cut subsidies, according to a Reuters poll, complicating the task of the central bank as it faces pressure to ease monetary policy to revive growth.

  • MARKET EYE-Indian shares falter; Infosys, HFDC Bank fall Wednesday, 10 Oct 2012 | 12:43 AM ET

    *Blue chips that report earnings on Friday lead the fall in India: Infosys. falls 1.4 percent, while HDFC Bank. *Traders still welcomed a government panel report recommending India scrap a law that taxes asset transfers retrospectively.

  • Oct 10- H&R Block Inc, the biggest U.S. tax preparer, said it is exploring strategic alternatives for its small banking operation to avoid a looming sharp rise in costs associated with the introduction of stricter supervision under the Dodd-Frank Act.

  • TEXT-Fitch: Thailand Still Resilient But Growing Caution Wednesday, 10 Oct 2012 | 12:32 AM ET

    BANGKOK/ SINGAPORE, October 10 Fitch Ratings Limited says Thailand's economic performance has continued to show resilience to global shocks but slower regional growth and increasing leverage in the corporate and bank sectors will constrain ratings.

  • News Summary: Iran minister woos Indian businesses Wednesday, 10 Oct 2012 | 12:32 AM ET

    As Western sanctions squeeze Iran and its currency tumbles, the country's energy minister wooed Indian businesses on Wednesday for more investment and trade.

  • REFILE-Religare Health IPO to raise S$510 mln-sources Wednesday, 10 Oct 2012 | 12:15 AM ET

    SINGAPORE, Oct 10- Religare Health Trust will raise S $511 million after pricing its initial public share offer in Singapore below the middle of an indicative range, two sources with direct knowledge of the matter said on Wednesday.

  • Hold gm Religare Health IPO to raise S$510 mln-sources Wednesday, 10 Oct 2012 | 12:14 AM ET

    SINGAPORE, Oct 10- Religare Health Trust will raise S $511 million after pricing its initial public share offer in Singapore below the middle of an indicative range, two sources with direct knowledge of the matter said on Wednesday.

  • Finance leaders to address global economic threats Wednesday, 10 Oct 2012 | 12:02 AM ET

    Europe is gripped by a debt crisis and stalled growth. A budget standoff in the United States is set to trigger tax increases and spending cuts and perhaps a recession. And it's warning that even its dimmer outlook might prove too optimistic if Europe and the United States fail to resolve their crises.

  • India's benchmark 10- year bond yield. India's benchmark 5- year OIS rate flat at 6.96 percent. India's one-day cash rate at 8.05-8.10 percent versus its previous close of 8.00/ 8.05 as demand was largely stable in the first week of the two-week reporting cycle.

  • Muller's PDT gets $500 mln from Blackstone - report Wednesday, 10 Oct 2012 | 12:01 AM ET

    Oct 9- Peter Muller, the founder of Morgan Stanley's proprietary trading unit that is being spun off this year as a stand-alone hedge fund, has raised more than $500 million from Blackstone Group LP, Bloomberg reported.

  • SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $40 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.

  • Indian stocks to watch-Oct 10 Tuesday, 9 Oct 2012 | 11:28 PM ET

    S Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke will visit Mumbai. *Prime Minister Manmohan Singh to speak at International Energy ministers meeting in New Delhi. *World Steel Association's 2- day annual conference in New Delhi.

  • *Nifty futures on the Singapore Exchange. *A government panel recommended in a draft report on Tuesday that India should scrap a law that taxes asset transfers retrospectively, a move that could save Britain's Vodafone $2 billion.

  • The International Monetary Fund said on Wednesday that China's central bank governor will not lead the Chinese delegation at the IMF's semi-annual meeting this week, in what appeared to be a snub to host Japan.

  • Indian FX/debt factors to watch - Oct 10 Tuesday, 9 Oct 2012 | 11:13 PM ET

    *Asian shares fell on Wednesday, led by losses in technology and materials stocks after brokerage downgrades for top chip maker Intel Corp. *Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East.

  • *India plans to raise nearly $6 bln from stake sales by end-March. That choosiness comes at a bad time for India, which may struggle to hit its goal of raising nearly $6 billion from share sales in state companies by the end of March with investor demand for new shares expected to remain modest.