Mills May Lift Sales of Subsidized Sugar to Government to Boost Supplies India, the world’s biggest user of sugar, may lift the quantity producers set aside for selling to the nation’s poor, to increase supplies and cool record prices, Agriculture Minister Sharad Pawar said.
Infosys Pursuing 10-12 Government Orders in India, Gopalakrishnan Says Infosys Technologies Ltd., India’s second-largest software exporter, is pursuing 10-12 government deals to gradually raise the share of sales from its home market.
Monsoon-Sown Rice, Oilseeds Output in India to Drop on Drought, Pawar Says India’s summer-sown rice production will decline 10 million metric tons from last year’s record as inadequate rains forced farmers to plant fewer acres with the staple, Farm Minister Sharad Pawar said.
Glenmark Pharmaceuticals Falls as Lung-Disease Drug Fails to Show Efficacy Glenmark Pharmaceuticals Ltd. fell the most in two months in Mumbai trading after the company said its drug for lung disease wasn’t effective in a patient study.
Lodha Group Plans $615 Million Initial Share Sale in India by End of Year Lodha Group may seek to raise as much as 30 billion rupees ($615 million) in an initial sale of shares in India by the end of the year, a person familiar with the matter said today.
Buy Emerging-Market Stocks on August's Trading Dips, Credit Suisse Says Investors should buy emerging-market stocks amid declines this month because valuations aren’t expensive even after their gains this year, according to Credit Suisse Group AG.
National Textile Said to Plan Third Attempt This Year at Mumbai Land Sale National Textile Corp. may put 10.4 acres (4.2 hectares) in central Mumbai back on the market in the city’s largest land sale in 17 months, three people familiar with the matter said.
Stocks in India Fall After Minister Says Rice Yields May Drop on Drought India’s benchmark stock index fell after the nation’s agriculture minister said farm output may decline because of low monsoon rains. Metal producers declined after their Chinese counterparts plunged.
Investors Piling Into Stocks as Risk Appetite Jumps, Merrill Survey Shows Money managers jumped back into equities this month and reduced their holdings of cash as risk appetite returned to levels not seen since the last bull market, a Merrill Lynch & Co. survey showed.
Deere Profit Drops 27%; Outlook Cut on Lower Construction-Equipment Demand Deere & Co., the world’s largest maker of farm equipment, said third-quarter profit dropped 27 percent and lowered its 2009 sales forecast amid declining demand for lawn and construction machinery.
Pimco Says U.S. Dollar to Decline Amid Concern It May Lose Reserve Status Pacific Investment Management Co., the world’s biggest manager of bond funds, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy.
FASB Weighs Lawsuit-Loss Disclosures Fought by Citigroup, Bank of America The U.S. accounting rulemaker is reviving discussion on a proposal to require more disclosure of potential losses from lawsuits after opposition from Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp.
Filippi, Former Lehman Banker, Raises $35 Million for Commodity Hedge Fund Edward Filippi, previously with Lehman Brothers Holdings Inc., raised $35 million for a hedge fund investing in energy, metals and agricultural derivatives.
Energy Company Takeovers Will Accelerate as Value Gap Narrows, UBS Says Acquisitions of energy producers will accelerate late this year and early next year as suitors and cash-strapped sellers both give ground on price expectations after a collapse in natural-gas markets, UBS AG said.
source: Bloomberg
