Dennis Berman of The Wall Street Journal, discusses a report that Amazon will start testing deliver drones in India. CNBC's Jon Fortt provides insight.» Read More
NEW DELHI, Oct 1- Ailing Indian carrier Kingfisher Airlines will not be allowed to fly if safety rules are not followed, Civil Aviation Minister Ajit Singh said, after labour unrest forced the carrier to cancel its flights on Monday. Singh said the civil aviation regulator will meet Kingfisher executives on Tuesday.
On Oct. 1, 2012, Standard& Poor's Ratings Services affirmed its' BB' long-term foreign currency corporate credit rating on oil and metals mining company Vedanta Resources PLC. Vedanta is listed in London, but most of its assets are in India.
Oct 1- U.S. egg supplier Cal-Maine Foods Inc. Cal-Maine posted a first-quarter profit of $9.4 million, or 39 cents per share, up from $3.1 million, or $13 cents per share, a year earlier. Jackson, Mississippi- based Cal-Maine's shares closed at $44.94 on Friday on the Nasdaq.
While Norwegian gas exports to continental Europe are supplied under long-term contracts that are linked to the oil price, Britain receives most of its Norwegian gas under hub market terms that are priced off Britain's National Balancing Point and have lesser binding supply obligations.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy Germany- based ixetic Verwaltungs GmbH for about 308 million euros to expand its engine and transmission pumps business. The company has two manufacturing facilities in Germany, and one each in Bulgaria and China.
SINGAPORE, Oct 1- Fuel oil arbitrage arrivals into Asia were expected to further depress the fuel oil market, as demand from China's small and medium sized refiners remained thin. As China's economy slows, demand for refined products has decreased due to slowing industrial demand for power generation fuels.
The bank named Tom Willett as head of mergers and acquisitions, Europe. Willett joins from the Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. Murphy joins Barclays from HSBC, London, where he was a director in the project& export finance.
LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.
SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.
Oct 1- Tilaknagar Industries Ltd:. *India's Tilaknagar Industries Ltd says signed agreements with. Pernod Ricard India Private Ltd.
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.