Stocks, Rupee Fall as India Exit Polls Show No Clear Mandate in Elections India’s stocks, currency and bonds fell after exit polls before election results due May 16 signaled none of the existing political coalitions will win enough votes to form a government.
India Needs to Reduce Budget Deficit to Avoid Rating Lowered, Fitch Says India needs to cut its budget deficit to avoid having its credit rating lowered, Fitch Ratings said.
Wholesale Inflation Rate in India Declines to 0.48% in Week Ending May 2 India’s inflation rate stayed under one percent for a ninth week, giving the central bank room to maintain record-low interest rates and support economic growth.
Indian Oil Gets $3 Billion Loan From Domestic Lenders for Eastern Refinery Indian Oil Corp., the nation’s biggest refiner, got approval for a 149 billion rupee ($3 billion) loan to build a plant on the east coast, said SBI Capital Markets Ltd., which helped manage the financing.
DLF Plans to Raise $2 Billion Selling Businesses, Land, Ramesh Sanka Says DLF Ltd., India’s biggest real estate developer, plans to raise about 100 billion rupees ($2 billion) over two to three years from selling businesses and land, Chief Financial Officer Ramesh Sanka said.
Subbarao Says Reserve Bank of India to Unwind Monetary Steps After Crisis The Reserve Bank of India will seek to unwind the monetary measures taken since September after the global financial crisis ends.
Rupee Falls After Exit Polls Show Lack of Clear Mandate in Indian Election India’s rupee completed its biggest two-day slide this month on concern investors will pare holdings of local assets after exit polls showed national elections may have ended yesterday without a clear victor.
India's Monsoon May Hit Southern Kerala Coast Six Days Earlier Than Normal India’s monsoon, which accounts for four-fifths of the nation’s annual rains, may reach the southern state of Kerala earlier than normal, improving prospects for an early planting of crops such as rice, oilseeds and cotton.
Chrysler Seeks to Cancel 789 Dealer Pacts, Bankruptcy Court Filing Shows Chrysler LLC is seeking to reject 789 automotive dealership agreements, many located in the suburbs of major U.S. cities, according to court papers filed in U.S. Bankruptcy Court in Manhattan.
ECB Policy Makers Clash Over Bond Purchases After Trichet Engineers Truce European Central Bank policy makers clashed over the bank’s asset-buying program less than a week after President Jean-Claude Trichet engineered a truce.
Unemployment Claims in U.S. Jump More Than Forecast on Idled Auto Plants More Americans than forecast filed unemployment-insurance claims last week because of the Chrysler LLC bankruptcy that is likely to reverberate through the economy for months.
General Motors Now Sees a Bankruptcy Filing as `Probable,' Henderson Says General Motors Corp. Chief Executive Officer Fritz Henderson said bankruptcy is now probable as the biggest U.S. automaker races to beat a June 1 deadline to cut costs and debt.
Glencore International Said to Agree on $5.5 Billion in Refinancing Loans Glencore International AG, the world’s largest commodities trader, agreed to more than $5.5 billion of loans to refinance debt, two people involved in the deal said.
TMX CEO Sees Regulators Favoring Exchanges to Prevent Financial Meltdowns Over-the-counter derivatives should trade through exchanges to avert a “meltdown” and reduce risks to the financial system, the hesource: Bloomberg
