India's Inflation Slows to Lowest in More Than Six Years Amid Global Slump India’s inflation slowed to the lowest in more than six years as commodity and energy prices dropped amid the global recession.
Larsen, Tech Mahindra Compete for Control of Fraud-Hit Satyam Computer Larsen & Toubro Ltd., India’s biggest engineering firm, and Tech Mahindra Ltd. are competing for control of Satyam Computer Services Ltd. in the first stage of the sale of the fraud-hit software exporter.
India Reports First Back-to-Back Decline in Industrial Output in 16 Years India posted its first back-to-back decline in industrial production in 16 years, suggesting tax cuts and lower interest rates are yet to resuscitate demand in an economy faced with the worst slowdown since 2003.
Stocks in India Jump After Vacation, Led by Banks on Citigroup, JPMorgan Indian stocks rose after a two-day vacation, led by banks, after profit outlooks from JPMorgan Chase & Co. and Citigroup Inc. this week fueled speculation the worst of the global banking crisis may be over.
Cairn India Plans to Invest $1.8 Billion on Rajasthan Field After 2009 Cairn India Ltd., a unit of the U.K. energy explorer Cairn Energy Plc., plans to spend as much as $1.8 billion in 2010 and 2011 to produce crude oil from its field in Rajasthan, Chief Executive Officer Rahul Dhir said.
India Mills Slow Imports of Raw Sugar as Stockpile Limits Halt Price Rally Sugar refiners in India, the world’s biggest consumer, have slowed imports of the raw sweetener after a government move to impose stockpile limits halted a local price rally and a falling rupee raised the cost of overseas purchases.
India's Computer Services Firms to Post Lower Sales, Morgan Stanley Says Indian computer services companies including Tata Consultancy Services are facing declining revenue as budget cuts, mergers and bankruptcy at their customers weigh on demand, Morgan Stanley said.
Rupee Strengthens as Indian Stock-Market Gains Temper Concerns on Outflow India’s rupee strengthened as stock-market gains may prompt overseas investors to scale back sales of local assets.
GE, Finance Arm Lose Top S&P Rating Held Since 1956 in Setback for Immelt General Electric Co. and its finance arm lost the top-level AAA rating from Standard & Poor’s that they’ve held since 1956 as a global recession sapped earnings and exposed potential risks.
Madoff Tells Judge He Wants to Plead Guilty in Biggest-Ever Ponzi Scheme Bernard Madoff told a judge he pleads guilty to directing the largest Ponzi scheme in history, defrauding thousands of clients out of billions of dollars and becoming a symbol of investor distrust in the global recession.
Retail Sales in U.S. Decrease Less Than Forecast in Sign of Stabilization Sales at U.S. retailers in February fell less than forecast and January’s gain was almost double the previous estimate, indicating the biggest part of the economy may be starting to stabilize.
Buffett's Berkshire Resumes Hunt for Takeovers in U.S. as Bargains Abound Billionaire Warren Buffett, who took a four-country tour of Europe less than a year ago in search of takeover targets, now says buying opportunities are presenting themselves in the U.S.
Citigroup Executives Scored $2.2 Million Paper Profit Betting on Own Stock Four Citigroup Inc. executives who bought the bank’s stock last week have already generated a $2.2 million paper profit, regulatory filings show.
BMW Profit Sinks More-Than-Estimated 89% on Bad-Debt Provisions, Job Cuts Bayerische Motor Werke AG, the biggest luxury carmaker, reported a sharper-than-expected drop in annual profit after it spent money cutting jobs and booked charges for bad debts and slowing sales of second-hand autos.
Barclays May Limit Asset Insurance to Avoid Handing Stake to Government Barclays Plc may put about 90 percent less assets into a state insurance program than its closest competitors, as the U.K.’s third-largest bank tries to avoid giving up a stake to the government.
source: Bllomberg
