Anil Ambani's Reliance Natural Wins Gas Ruling Against Reliance Industries Mukesh Ambani’s Reliance Industries Ltd., India’s most valuable company, was ordered to sell natural gas to a company owned by his younger brother Anil for 44 percent less than the government-set price, lawyers said.
Indian Stocks Fall a Third Day; Reliance Industries Drops on Court Ruling Indian stocks declined for a third day as commodity producers fell on lower metal and oil prices, while Reliance Industries Ltd. slumped on concern a court ruling today will dent earnings.
Glaxo to Form Venture to Distribute Dr. Reddy's Products Outside of India GlaxoSmithKline Plc and Dr. Reddy’s Laboratories plan a venture to market the Indian drugmaker’s products in emerging markets outside the South Asian country.
Air India Will Fail to Pay 31,000 Employees on Time Due to Cash Shortage Air India, the national carrier, will pay 31,000 employees two weeks late as the carrier runs short of cash because of falling travel demand.
India's Edible Oil Imports in May More Than Double on Tax Waiver, Demand India, the world’s biggest buyer of vegetable oils after China, more than doubled its overseas purchases last month after a tax waiver lowered cooking oil costs amid a decline in local oilseed production.
India to Start Process for Building Three Power Projects, Brahma Says India will start the process for building three power projects with a capacity to generate 4,000 megawatts each by July as the South Asian nation rushes to raise its generation capacity, Power Secretary H.S. Brahma said.
India Monsoon Rains Won't Advance in Next 3 to 4 Days, Weather Office Says India’s southwest monsoon, which runs from June to September, won’t advance in the next three to four days, the weather office said, likely delaying the sowing of crops such as soybeans, peanuts and cotton.
U.S. Stocks Extend Global Slide; MSCI World Index Falls Most in Two Months U.S. stocks extended a global slide, sending the MSCI World Index down the most in two months, as falling oil and metal prices weighed on commodity producers. Treasuries rose and the dollar strengthened.
International Purchases of U.S. Assets Slow as China, Japan Trim Holdings International purchases of American financial assets grew more slowly in April as China, Japan and Russia pared demand for Treasuries, underscoring the danger of U.S. reliance on foreigners to finance its fiscal deficit.
Mortgage-Bond Yields Fall a Third Day, Pointing to Drop in Mortgage Rates Yields on Fannie Mae and Freddie Mac mortgage securities fell for a third day from the highest level since the Federal Reserve said it would buy home-loan bonds, suggesting a further decline in home-loan interest rates.
Huntsman Seeks $13 Billion From Credit Suisse, Deutsche Bank, Jurors Told Credit Suisse Group AG and Deutsche Bank AG should pay Huntsman Corp. more than $13 billion in damages for interfering with an acquisition of the company and then refusing to fund another buyout bid, lawyers for the chemical maker said.
Active Mutual-Fund Managers Beating S&P 500 by Widest Margin in 26 Years Mutual-fund managers who pick stocks are beating the Standard & Poor’s 500 Index by the widest margin in 26 years by buying shares of midsize companies such as Sun Microsystems Inc. and Seagate Technology.
Delta Air, American Watch Revenue Vanish as New York Business Fares Tumble U.S. airlines faced with losses in the recession are slashing business-class fares from New York to London, Zurich and other finance centers by more than 50 percent to try to fill planes.
AIG, Starr Begin Court Battle for $4.3 Billion; Hank Greenberg to Testify U.S. District Judge Jed Rakoff ruled that speeches by Maurice “Hank” Greenberg, ousted in 2005 as head of American International Group Inc., can be heard in a $4.3 billion lawsuit between AIG and a private investment firm Greenberg runs, Starr International Co., or SICO.
source: Bloomberbg
