The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region. Bank of Nova Scotia named Troy Wright as president and chief executive of its Mexican unit, Grupo Financiero Scotiabank Mexico, on Tuesday.
MUMBAI, Oct 3- Bajaj Auto, India's No.2 motorcycle maker, plans to expand its annual production capacity to 5.7 million vehicles by the end of the current financial year, from 4.5 million, K. Srinivas, president of its motorcycle business, said on Wednesday.
MUMBAI, Oct 3- Indian shares gained on Wednesday for a third consecutive session after infrastructure companies extended gains on hopes for additional support measures for the sector, while insurance-related stocks also gained on optimism for government action. IVRCL Ltd gained 4.43 percent, while NCC Ltd.
India's benchmark 10- year bond yield. India's benchmark 5- year OIS down 3 basis points at 7.00 percent, while the 1- year rate also fell 1 bp to 7.60 percent. India's one-day cash rate at 7.75/ 7.85 percent versus its previous close of 8.10/ 8.15 percent.
*Shares in Indian infrastructure companies gain ahead of a government panel meeting scheduled for later in the day. *Separately, a Reuters poll showed fund managers are switching to construction-related shares following government initiatives to bolster India's sagging infrastructure.
MUMBAI, Oct 3- India's M3 money supply. rose an annual 13.4 percent in the two weeks to Sept. 21, compared with a 16.6 percent growth a year earlier, the Reserve Bank of India said on Wednesday. Money supply was 77,993.8 billion rupees as of Sept. 21, compared with 78,183.2 billion rupees on Sept 7, the central bank said.
MUMBAI, Oct 3- Maruti Suzuki, India's largest carmaker, has increased its vehicle prices by 2,400 rupees to 5,200 rupees across its entire range, a source at the carmaker said, due to a strong yen and rising input costs.
Oct 3- American Airlines said an internal investigation has revealed improperly installed clamps caused some seats to loosen in six of its aircraft and would inspect the seats in other planes. The airline, whose parent AMR Corp filed for bankruptcy protection in November, is inspecting all 47 of its 102 Boeing 757 aircraft which have the same type of seat.
*Shares in India's TTK Healthcare. jumped 17.7 percent after TTK Group bought out a 49.8 percent stake in its contraceptives joint venture TTK-LIG from Reckitt Benckiser Group PLC. *Investors expect TTK Group to merge TTK-LIG with TTK Healthcare, three dealers said.
Oct 3- British soft drinks group Britvic and Irn-Bru maker AG Barr have been given more time to decide on the 1.3 billion pound merger. Britvic, which makes and sells PepsiCo brands in Britain and Ireland, could not immediately be reached for comment.
CHENNAI, Oct 3- India's government must tackle subsidies to restore fiscal discipline, Reserve Bank of India deputy governor Subir Gokarn said on Wednesday, highlighting tensions between the country's policymakers amid fears that it could suffer a credit rating downgrade.
Oct 3- The following table is a summary of the responses to an asset allocation poll of 1 1 I ndian mutual fund firms, conducted between September 21 and October 1. For a story on the poll, double click on. 2) Expectations for India's benchmark BSE index.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.
NEW DELHI, Oct 3- India's aviation regulator will submit a report on Kingfisher Airlines to the government on Thursday, Aviation Minister Ajit Singh told reporters on Wednesday.
NEW DELHI, Oct 3- India's Kingfisher Airlines Ltd, which has cancelled all flights through Thursday, faces a potentially prolonged shutdown until the cash-strapped carrier clears a salary backlog going back months. Kingfisher has debt of $1.4 billion, owed mostly to government-controlled banks including State Bank of India, the country's top lender.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.
Oct 3- British soft drinks group Britvic and Irn-Bru maker AG Barr said the takeover panel had agreed to extend "the put up or shut up" deadline on their 1.3 billion pound merger. The deadline, which was due to expire on Wednesday, has now been extended to Oct. 31.
*China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.
The Reserve Bank of India said on Wednesday, it accepted all 6 bids for 139.3 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.
CHENNAI, Oct 3- India's June quarter current account deficit is still outside the comfort zone, the Reserve Bank of India's deputy governor Subir Gokarn said.